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#BREAKING | @MoodysInvSvc sees #India's public debt rising to 84% of #GDP in FY21
[email protected] Moody's downgrades India's sovereign rating to 'Baa3' from 'Baa2', maintains negative outlook Expects India's real GDP at -4.0% fiscal 2020 due to COVID19 Expects GDP growth of 8.7% in fiscal 2021 and closer to 6.0% thereafter
Moody's says the longer the period of relatively subdued growth, the more likely India's debt burden will continue to rise beyond 85% of #GDP
Moody's expects India's real GDP to contract by 4.0% in fiscal 2020 due to the shock from the coronavirus pandemic and related lockdown measures, followed by 8.7% growth in fiscal 2021 and closer to 6.0% thereafter
Moody's Investors Service sees India's real GDP contract by 4% in 2020-21.
#MintPrimer by @kaul_vivek | Gross domestic product growth for FY20 came in at 4.2%, the lowest since FY09, when it was at 3.1%. But the non-government part of GDP grew by just 3.3%, the slowest since FY09, when it had grown at 2.2%. Mint takes a look.
MSME Minister #NitinGadkari says "6 crore MSMEs provide over 11 crore jobs and account for 29% of GDP. They had some problems which have been addressed. Export turnover will not be included in the turnover for definition of #MSMEs." Live updates:
Crisp interview by @ShereenBhan of Mr. DK Joshi of Crisil. Max no of red zones now in 8 states which contribute 60% of GDP, 65% of manufacturing, 60% of construction 53% of services output & have 50% of self employed. Hope these open soon w/o much damage
#India's unemployment rate in May rose to 23.48 %, marginally lower from 23.52% in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of #coronavirus pandemic. #GDP #economy
Q4 GDP falls, but still better than street expectations
Nifty Futures 3% up for the historical GDP numbers! #NinjaTrader
The GDP growth for Jan-March 2020 would have been just 1.5 %.What govt has done is transfer some of the incomes accrued in the previous quarters to the last quarter to avoid showing a growth collapse in Jan-March period. Now 3.1% GDP growth last quarter looks a little better!