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Global outlook highly uncertain due to Covid-19: OECD projects India GDP to expand by 12.6 pc

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March 10, 2021
ISLAMABAD: Different international financial institutions have projected varied GDP growth projections for India ranging from 5.4 percent by World Bank to 13.7 percent by Moody for 2021-22.
Fitch and HSBC Bank have projected India’s GDP growth in the range of 11 and 11.2 percent respectively. The World Bank has projected GDP growth rate for India at 5.4 percent. According to CNN, after plunging into recession for the first time in nearly a quarter of a century, India’s economy should come roaring back to life in 2021. India’s gross domestic product is projected to expand by 12.6% during the country’s fiscal year starting in April, according to a forecast released Tuesday by the Organization for Economic Cooperation and Development. If that level of growth is realized, it would allow India to reclaim its status as the fastest growing major economy stealing the title back from China, which the OECD expects will deliver growth of 7.8% t ....

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Global outlook highly uncertain due to Covid-19

Top Story
March 10, 2021
ISLAMABAD: Different international financial institutions have projected varied GDP growth projections for India ranging from 5.4 percent by World Bank to 13.7 percent by Moody for 2021-22.
Fitch and HSBC Bank have projected India’s GDP growth in the range of 11 and 11.2 percent respectively. The World Bank has projected GDP growth rate for India at 5.4 percent. According to CNN, after plunging into recession for the first time in nearly a quarter of a century, India s economy should come roaring back to life in 2021. India s gross domestic product is projected to expand by 12.6% during the country s fiscal year starting in April, according to a forecast released Tuesday by the Organization for Economic Cooperation and Development. If that level of growth is realized, it would allow India to reclaim its status as the fastest growing major economy stealing the title back from China, which the OECD expects will deliver growth of 7.8% this ca ....

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India to clock 13.7% growth in FY'22, contract 7% this fiscal: Moody's

Moody’s had in November last year projected Indian economy to contract 10.6% in the current fiscal and return to growth of 10.8% in 2021-22 fiscal ....

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Moody's revises India's growth projection to 13.7% for FY22; expects contraction of 7% this fiscal

Moody s revises India s growth projection to 13.7% for FY22; expects contraction of 7% this fiscal
The agency had said late last year that conditions will improve for Indian corporates next yearPremium
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The very large rebound incorporates the view that recovery in market activity will continue
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Rating agency Moody s on Thursday upped India s growth projection for the next financial year, beginning 1 April, to 13.7% from 10.8% estimated earlier.
The revised numbers came on the back of normalisation of activity and growing confidence in the market with the rollout of Covid-19 vaccines.
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India growth forecast: Moody's projects 13.7 pc growth in FY22, expects 7 pc contraction this fiscal

Synopsis
Moody s Investors Service Associate Managing Director (Sovereign Risk) Gene Fang said our current expectation is that in the current fiscal ending March 2021, the economy would contract 7 per cent. We expect a rebound of 13.7 per cent growth in the next fiscal on normalisation of activity and base effects.
ICRA Principal Economist Aditi Nayar said it expects 0.3 per cent growth in the third quarter (October-December) of current fiscal.
Global rating agency Moody’s raised its growth expectations for the Indian economy to 13.7% for the coming fiscal against 10.8% it had projected in October, while moderating the expected contraction for FY21 to 7% from -10.6% earlier. ....

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