Moody’s Investors Service cuts India’s GDP growth forecast to 6.2% from 6.8% for 2019

moody

moody

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.

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.

Current economic slowdown unprecedented and government needs to take extraordinary steps, said Niti Aayog’s Rajiv Kumar.

 

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

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 & Pinterest.