x
side-banner

Global agencies expect Indian economy to return to path of growth faster than predicted

Shortpedia

Content Team
Image Credit: Shortpedia

Weeks after predicting negative growth in India's GDP, global agencies including Moody's have revised their prediction and expect the country's economy to recover faster than predicted. Moody's has revised India’s annual growth forecast at -10.6% while Barclays said it expected India’s GDP to return to positive growth territory in the third quarter of 2020-21. The government debt is expected to decline to 87.5% in fiscal 2021.