Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's
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
Moody's projects India's economic growth will rebound strongly, with GDP expanding 9.3 per cent in the current fiscal ending March 2022, followed by 7.9 per cent in fiscal 2023. Source: Reuters