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COVID-19 IMPACT: INDIAN GDP WILL SHRINK 5.3 PERCENT IN FY21 SAYS IND-RA
Highlights
• Ind-Ra predicts growth of 5 to 6 percent in FY22
• Earlier this week, Fitch and Moody’s predicted Indian economy to contract 5 percent and 3.1 percent in FY21
• Ind-Ra forecasted India’s fiscal deficit may expand more tha...