Moody's Investors Service slashes India's growth forecast to 5.4 per cent for 2020

Moody's Investors Service today slashed India's growth forecast to 5.4 per cent for 2020 from 6.6 per cent projected earlier. In its on Global Macro Outlook, Moody's said India's economy has decelerated rapidly over the last two years and expects economic recovery to begin in the current quarter. The growth projections are based on calendar year and as per its estimates, India has clocked a GDP growth of 5 per cent in 2019. Moody's said it expects add...