Home Business Moody’s reduced India’s GDP growth forecast to 5.4% in FY20

Moody’s reduced India’s GDP growth forecast to 5.4% in FY20

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(G.N.S) Dt. 17 New Delhi Moody’s Investors Service has lowered India’s economic growth forecast for 2020 from 6.6 per cent to 5.4 per cent. Moody’s also lowered its GDP growth forecast in 2021 from 6.7 per cent to 5.8 per cent. According to agency, the global economy has slowed down due to coronavirus (COVID-19) spreading in China’s Hubei, which has reduced the pace of growth in India’s GDP growth. Moody’s said that recent PMI-like

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