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Moody's cautions on growth sustainability as India readies to exit recession

Feb 25, 2021 14:33 IST | By Editorji News Desk

A cautious call on growth from the international ratings agency Moody’s ahead of Q3 GDP release on Friday. Moody’s though, expects India’s GDP numbers to rise sharply to 13.5% next fiscal year; this is higher than the 10.5% projection from the RBI for FY’22.  They do however expect the cheer to moderate, as growth is likely to slow to 6.2% in FY’23 as the low base effect also wears out.  

Holding a negative outlook on India, Moody’s warns that the “Risk to growth forecast for India is tilted to the downside.” 

India will release GDP for the period of October-December 2020 on Friday, where data will indicate that the economy has finally exited recession with a  projected growth rate of 0.5%.  

National