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11 May
12:08

Covid-19 wave slows Indian growth, diverts spending: Moody's

India’s severe second Covid-19 wave will slow economic recovery over the next three months and could weigh on longer-term growth dynamics, says Moody’s. This is likely to delay the strong recovery of recent months in Indian steel consumption following last year’s lockdown-induced standstill, Kallanish notes. "Deeper stresses in the economy and financial system could lead to a more severe and prolonged erosion in fiscal strength, exerting fur…
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