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Labourers work during an overcast evening at Ashram Chowk in New Delhi. (Raj K Raj/Hindustan Times)

Moody's slashes India growth forecast for 2021 to 9.6%

PTI | , New Delhi
PUBLISHED ON JUN 23, 2021 05:07 PM IST
Moody's said faster vaccination progress will be paramount in restricting economic losses to the current quarter.
India is experiencing a severe second wave of Covid-19 which will slow the near-term economic recovery, said Moody’s.(HT Photo)
India is experiencing a severe second wave of Covid-19 which will slow the near-term economic recovery, said Moody’s.(HT Photo)

Moody’s cuts India growth forecast

Livemint | By Asit Ranjan Mishra, New Delhi
PUBLISHED ON MAY 12, 2021 02:05 AM IST
Moody’s cautioned that risks from deeper stresses in the Indian economy and financial system could lead to a more severe and prolonged erosion in fiscal strength, exerting further pressure on India’s credit profile.
In a downside scenario, global growth would slow to just 1.8 per cent this year. (Representative Image)(Getty Images/iStockphoto)
In a downside scenario, global growth would slow to just 1.8 per cent this year. (Representative Image)(Getty Images/iStockphoto)

UN lowers India growth forecast; expects momentum to pick up in 2020

United Nations | By Press Trust of India
UPDATED ON JAN 16, 2020 11:40 PM IST
According to the United Nations World Economic Situation and Prospects (WESP) 2020, a growth rate of 2.5 per cent is possible in 2020, but a flare up of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery.
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