Second Covid surge will delay earnings recovery for Indian companies: Moody's1 min read . Updated: 17 May 2021, 03:38 PM IST
- The prolonged and wider lockdown will have a more severe effect on earnings recovery, says Moody's
- Moody's said it expects demand for telecom and IT services to remain strong
India's severe second wave of coronavirus infections will slow near-term economic recovery and could weigh on longer-term growth dynamics, rating agency Moody's Investors Service said in a note on Tuesday.
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