Conditions will improve for Indian corporates in 2021 as economic activity gathers pace: Moody's
Conditions will improve for Indian corporates in 2021 as economic activity gathers pace: Moody’s
Conditions will improve for Indian corporates next year as economic activity picks up steam post-lockdown and earnings grow on the back of widespread demand revival across sectors, Moody’s Investors Service said on Wednesday.
Most companies’ earnings will grow as demand starts to recover following a sharp slump, and financially strong companies will maintain good access to funding, but speculative-grade issuers will face challenges, it said.
“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,” Moody’s Analyst Sweta Patodia said.
