NEW DELHI: Moody's Investors Service on Friday said India's conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year.
The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending March 2022, following growth of 13.6 per cent in the first half of the fiscal till September.
