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Moody's ups FY'21 India growth forecast to -10.6%; says stimulus to boost manufacturing, jobs

Shortpedia

Content Team
Image Credit: Shortpedia

Moody's Investors Service on Thursday upped India's growth forecast to -10.6 percent for the current fiscal, from its earlier estimate of -11.5 percent saying the latest stimulus prioritises manufacturing and job creation, and shifts focus to longer-term growth. Last week, the government announced a new fiscal package amounting to around Rs 2.7 lakh crore.