The Indian economy is likely to recover faster than earlier predicted, according to leading global agencies. Brokerage firm Barclays and Global rating agency Moody's Investor Services lifted India's growth estimates on Thursday. It has upped the projected growth forecast for the Indian economy slightly to 10.8 per cent. Brokerage firm Barclays too expects the Indian economy to make a recovery and return to normal faster than predicted earlier. Barclays lifted its 2021-22 growth forecast for India from an earlier projection of 7 per cent to 8.5 per cent now.

Source: dna November 20, 2020 06:44 UTC