Indian economy to take a year to recover: Moody''s

Date : Mar-03-2009 10:56

The Indian economy is going to face tough times in 2009 despite the stimulus packages by the government and it would take at least a year''s time before it starts recovering, said the economists at Moody''s. Moody''s economy.com economist Sherman Chan told, I don''t think the stimulus is sufficient to start a recovery. The most it can do is to minimize the magnitude of a further slowdown... India will most likely start to recover in the March quarter (2010).

She also added that this year will be more difficult as compared to the previous year. She added, we probably won''t see a solid rebound until early 2010. The US needs to recover first. Then global economic activity will begin to pick up.