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Moody's Cuts India's GDP Growth Forecast To 5.6% For 2019-20
India slowdown lasting longer than previously expected, says Moody's Consumption demand has cooled notably, the ratings agency adds GDP growth came in at more than six-year low of 5% in June quarter
14 Nov 2019, 12:57 PM IST 
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"We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018," Moody's said on Thursday.
Moody's expects economic activity in the country to pick up to 6.6 per cent in 2020 and 6.7 per cent in 2021, but remain lower than in the recent past.
The cut in GDP growth projection follows a series of downgrades and warnings by economists amid concerns of a ...
