EIU, Moody’s slash India’s growth forecast

The Indian economy will grow by 2.1% in 2020-21, while nearly all major G20 economies will shrink, the Economist Intelligence Unit (EIU) said on Friday as global ratings agency Moody’s slashed India’s growth forecast to 2.5% for 2020 from the earlier 5.3% due to the impact of the Covid-19 pandemic.

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