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Moody's again slashes India's growth projection for 2020 to 5.3%
March 9, 2020 | By Livemint.com
business
On 17 February, Moody's had reduced India's growth projection to 5.4% from 6.6% .The spread of the coronavirus in the past few weeks has resulted in significant economic fallout
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In less than a months time, rating agency Moodys Investors Service has revised downward its baseline growth projections for India to 5.3% for 2020 from 5.4% earlier, cautioning that an extensive and prolonged slump as a result of COVID-19 outbreak will reduce
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