Moody's pegs India GDP growth at 9.3% in FY22

Moody's Investors Service on Tuesday pegged India's GDP growth at 9.3% in the current fiscal ending March 2022 and 7.9 per cent in FY23. "The reimposition of lockdown measures along with behavioural changes on fear of contagion will curb economic activity, but we do not expect the impact to be as severe as during the first wave. India's economy contracted by 7.3% in fiscal 2020-21.