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Moody's Slashes India Growth Forecast In 2018
Growth should gain from acceleration in rural consumption, Moody's said Ongoing transition to GST regime could also weigh on growth, it said But it expects these issues to moderate over the course of the year
30 May 2018, 04:56 PM IST 
Moody's kept growth expectation for 2019 remains unchanged at 7.5%.
NEW DELHI: Moody's Investors Service report on Wednesday has cut India's GDP growth forecast to 7.3 per cent in 2018, from previous forecast of 7.5 per cent due to higher oil prices and tighter financial conditions.
"The Indian economy is in cyclical recovery led by both investment and consumption. However, higher oil prices and tighter financial conditions will weigh on the pace of acceleration. We expect GDP growth of about 7.3 pe...
