INDIAN ECONOMY TO CONTRACT FOR FIRST TIME IN OVER 40 YEARS SAYS MOODY’S

Highlights

• Global agencies like Goldman Sachs and Nomura have predicted 5 percent contraction in the Indian economy, while Bernstein expected growth of -7 percent

• Moody’s report clearly states the stimulus package announced by PM Modi will not completely revive the economy but will definitely provide limited impetus to its growth

Moody’s Investor Service has projected that the Indian econ....