Moody’s said on Tuesday that in view of the structural challenges facing the Indian economy, Finance Minister Nirmala Sitharaman’s forecast of economic growth in the Budget 2020-20 seems ambitious. In the budget, the GDP (GDP) growth rate at the current market price is estimated to be 10 percent in the next financial year and 12.6 percent and 12.8 percent in FY 2021-22 and 2022-23 respectively. However, Moody’s has projected a growth rate (at market value) of 8.7 percent in the next financial year while it is expected to be 7.5 percent in the current financial year.
Newz Source: deccanherald
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