India to clock 13.7% growth in FY’22, contract 7% this fiscal: Moody’s

The Indian economy is expected to clock a growth of 13.7% in FY’22, registering a strong rebound from a 7% contraction this fiscal, on the back of normalisation of activity and growing confidence in the market with the rollout of COVID-19 vaccine, Moody’s Investors Service said on February 25. Moody’s had in November last year projected Indian economy to contract 10.6% in the current fiscal and return to growth of 10.8% in 2021-22 fiscal.