Conditions to improve for Indian corporates in 2021: Moody's
Conditions to improve for Indian corporates in 2021: Moody’s
Conditions will improve for Indian corporates in 2021, as economic activity gathers pace post-lockdown, Moody’s Investors Service said on Wednesday.
In its 2021 outlook for rated Indian non-financial corporates, Moody’s cited earnings growth on the back of widespread demand revival across sectors as the reason for giving a ‘stable outlook’ for Indian corporates in 2021.
“Broad-based demand revival and a low base in 2020 will support strong GDP growth of 10.8 per cent in India in fiscal 2022 ending March 2022, following a decline of around 10.6 per cent in fiscal 2021 — the country’s first contraction in four decades,” says Sweta Patodia, a Moody’s Analyst.
