India’s GDP growth may fall below 9% in FY22 due to 2nd Covid wave: CARE Ratings Survey

Amid a raging second wave of COVID-19 and subsequent restrictions on business activities imposed by several states, economic recovery is beginning to lose steam and the country’s GDP growth is likely to be below nine per cent for the current fiscal, according to a survey. At least 80 per cent of the respondents expect consumer demand for non-essential items […]

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Second Covid wave poses risk to India’s growth, but impact will be less severe than last year: Moody’s

The second wave of Covid infections poses a risk to India’s economic growth, but the impact will be less severe than last year, a Moody’s report said on Tuesday. It added that a focus on “micro containment” zones to deal with the current wave of infections, as opposed to a nationwide lockdown, would mitigate the economic […]

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Thermal coal earnings to improve on greater consumption in 2021: Moody’s Investor Services

Thermal coal producers’ earnings are expected to improve in 2021 with domestic coal consumption forecast to increase between 5% and 10%, Moody’s Investor Services said. While the expected improvement should aid producers in modest debt reduction, secular demand will persist over the next few years, “straining credit quality for thermal coal producers and intensifying ESG-related […]

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India will need to boost share of renewable energy to 16%-18% to meet target: Moody’s

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India will need to boost its share of renewable energy to 16%-18% from 10% of the country’s total electricity generation if it wants to achieve a target of 175-gigawatts clean energy capacity by 2022, according to Moody’s Investors Service. The country is targeting a five-fold increase in renewable energy capacity to 450 Gigawatts by 2030. Despite missed […]

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Moody’s forecasts lower GDP fall for India in FY21; Morgan Stanley too projects lower contraction

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India’s latest round of stimulus measures shifted focus back to longer-term growth by focusing on manufacturing and job creation, global rating agency Moody’s said, as it predicted a 10.6% contraction in the country’s real GDP in FY21, against a 11.5% drop forecast earlier. India’s economy has started to heal as is evident by a significant […]

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Asia’s slowing energy demand to hit coal producers

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Asia’s slowing energy demand growth will impact coal power producers the hardest with governments tightening environmental standards and introducing policies to drive renewable energy, Moody’s Investors Service said on Thursday. “For coal power producers, tariff schemes to compensate for lower dispatch volumes or strategies to diversify their energy mix away from coal power are increasingly important,” […]

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