Moody’s Investors Service today has cut India’s Gross Domestic Product (GDP) growth forecast for the year 2019 to 6.2 percent from that of the earlier estimation of 6.8 percent.
Advertisement
It has also reduced the estimate for the year 2020 by a similar measure to 6.7 percent.
“The weaker global economy has stunted Asian exports and the uncertain operating environment has weighed on investment,” it said in a statement.
Advertisement
Current economic slowdown unprecedented and government needs to take extraordinary steps, said Niti Aayog’s Rajiv Kumar.
Advertisement
Advertisement
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for
Upcoming Events and explore business opportunities. Like us on
Facebook, connect with us on
LinkedIn and follow us on
Twitter,
Instagram.
