- Moody’s Investors Service 2020 reduced India’s GDP growth in 2020 to 2.5 percent from the earlier estimate of 5.3 percent.
- Moody’s said that the COVID-19 pandemic will cause unprecedented shock to the global economy including the Indian economy.
- It said in its Global Macro Outlook 2020-21 that India will see a sharp fall in incomes at an estimated 2.5 percent growth rate.
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