Tag Archives: Moody’s downgrades India’s growth forecast to 9.3%

Moody’s downgrades India’s growth forecast to 9.3%, citing threats of long-term scarring

Moody’s Investors Service cut India’s growth forecast for the present financial year to on Tuesday, citing the second wave of coronavirus infections, as impeding economic recovery and raising the likelihood of long-term scarring. Moody’s has assigned India a ‘Baa3′ ranking with a negative outlook, citing challenges to economic development, high debt, and a poor economic […]