SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Moody's cuts India growth forecast to 0.2% for calendar year 2020

29 Apr 2020 Evaluate

Moody's Investors Service in its report titled - Global Macro Outlook 2020-21 (April 2020 update), has cut India growth forecast to 0.2 percent, from 2.5 percent projected in March for calendar year 2020. For 2021, Moody's expects India's growth to rebound to 6.2 percent. It said the economic costs of coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly.

 Further, it expects G-20 advanced economies as a group to contract by 5.8 percent in 2020. Even with a gradual recovery, 2021 real GDP in most advanced economies is expected to be below pre-coronavirus levels. China's economy is forecast to grow by 1 percent in 2020.

Besides, it said that India extended a nationwide lockdown to 40 days from 21 days, but relaxed restrictions in rural areas to facilitate agricultural harvesting in the second half of April. The country has determined that many of these areas are free of the virus. India also plans a phased opening of different regions while continuing to carry out identification and contract tracing.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×