Moody’s updated India growth forecast to 9.3% YOY in 2021

[52051]

Moody’s Investors Service slashed India’s growth forecast to 9.3% for the current financial year, a 4.4 percentage point drop from 13.7% projected in February , on account of the second wave of Covid-19 surging across states.

The negative economic impact of the resurgence in cases will be limited to the April-June quarter and would be followed by a strong rebound in the second half of FY22, the global rating company said in a report on Tuesday.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

You know, just 3 months later, a 4.4 pct correction has already made in this year's forecast

My dog would have made better projection than Moody, this is what happened when you outsource your economics to india.

 

[Chakar The Great]

Lol so dropped from 13.7 to 9.3 %. This too after fudged figures.
More Indians will die of hunger and poverty while right wing Hindu fascists will keep taunting Pakistan as beggars.

Let that sink in.
The same country also wants two-front war with two nuclear armed neighbours with powerful militaries.

 

[F-6 enthusiast]

one poster was claiming 1 month ago in a thread that India will achieve 13% growth this year and i got ridiculed for saying that was too optimistic.

They had negative growth last year so that's something to keep in mind. Full of hot air

 

[ali_raza]

thry forgot to put minus sign

 

[siegecrossbow]

one poster was claiming 1 month ago in a thread that India will achieve 13% growth this year and i got ridiculed for saying that was too optimistic.

They had negative growth last year so that's something to keep in mind.

Do you still have link to that thread?

 

[F-6 enthusiast]

Do you still have link to that thread?

he deleted specific post . He is a prolific troll using racial slurs so i advise you avoid him.

link to thread (he deleted his post)

Modi, Hasina must lay ground for borderless economy between India, Bangladesh

Modi, Hasina must lay ground for borderless economy between India, Bangladesh Be it geography, climate, economy or culture, Bangladesh, West Bengal and Northeast India form a natural sub-region. SANDIP GHOSE26 March, 2021 File image of PM Narendra Modi with Bangladeshi Prime Minister Sheikh...

defence.pk

@Bilal9 i think you were right about the Asian Development bank prediction

 

[HAIDER]

Moody’s Investors Service slashed India’s growth forecast to 9.3% for the current financial year, a 4.4 percentage point drop from 13.7% projected in February , on account of the second wave of Covid-19 surging across states.

The negative economic impact of the resurgence in cases will be limited to the April-June quarter and would be followed by a strong rebound in the second half of FY22, the global rating company said in a report on Tuesday.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

You know, just 3 months later, a 4.4 pct correction has already made in this year's forecast

My dog would have made better projection than Moody, this is what happened when you outsource your economics to india.

Because after COVID, thousands of tech jobs moving for remote support to India. But, these numbers are not real.

 

[Talwar e Pakistan]

9.3% is still very impressive.

 

[52051]

9.3% is still very impressive.

Last year IMF believe india can grow at 2.1%, after various updates, the forecast was -9% instead last year.

 

[siegecrossbow]

View attachment 743736
he deleted specific post . He is a prolific troll using racial slurs so i advise you avoid him.
View attachment 743735

link to thread (he deleted his post)

Modi, Hasina must lay ground for borderless economy between India, Bangladesh

Modi, Hasina must lay ground for borderless economy between India, Bangladesh Be it geography, climate, economy or culture, Bangladesh, West Bengal and Northeast India form a natural sub-region. SANDIP GHOSE26 March, 2021 File image of PM Narendra Modi with Bangladeshi Prime Minister Sheikh...

defence.pk

@Bilal9 i think you were right about the Asian Development bank prediction

@Protest_again is this true?

 

[StraightEdge]

13% was not that huge jump when you consider -7% recession in 2020 FY. All predictions are based on assumptions like Covid/war not ruining the party. Pakistan's GDP growth projection is about 4%, I am sure that will change if there are natural calamities. Nobody can predict future, specially when we have a pandemic situation. If 3rd wave hits, this can easily come down to like 6%.

 

[ziaulislam]

Lol so dropped from 13.7 to 9.3 %. This too after fudged figures.
More Indians will die of hunger and poverty while right wing Hindu fascists will keep taunting Pakistan as beggars.

Let that sink in.
The same country also wants two-front war with two nuclear armed neighbours with powerful militaries.

Regardless..they are right
We went bankrupt several times in last two decades at hand of PMLN and PPPP(1995-98, then 2013 & last time 2018) and yet it seems this will be repeated again in 2028(as PMLN will win again 2023)

India on the other hand learnee its lesson in 1990s no matter what happens they wont bankrupt atleast

 

[Chakar The Great]

Regardless..they are right
We went bankrupt several times in last two decades at hand of PMLN and PPPP(1995-98, then 2013 & last time 2018) and yet it seems this will be repeated again in 2028(as PMLN will win again 2023)

India on the other hand learnee its lesson in 1990s no matter what happens they wont bankrupt atleast

No sir PML n is not going to win in 2023 and Pak wont bankrupt by 2028.