India Inc outlook bright on strong demand: Moody's
The Free Press Journal|November 26, 2021
RATING AGENCY SAYS HIGHER PUBLIC SPEND, VACCINATIONS BOOSTING RECOVERY

Moody's Investors Service on Thursday said India's rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector.

Moody's projects India's economic growth will rebound strongly, with GDP expanding 9.3% in the current fiscal ending March 2022, followed by 7.9% in fiscal 2023.

In a report, Moody's said credit fundamentals are favorable for India's companies on a sustained economic recovery and earnings of rated companies' will rise on strong consumer demand and high commodity prices.

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