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Moody’s cuts India’s FY20 growth forecast to 5.8%
October 10, 2019 | By The Times of India
business
The central bank had last week cut the countrys growth forecast for FY20 to 6.1% from 6.8% estimated earlier.
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Moody’s Investors Service on Thursday cut India’s gross domestic product (GDP) growth forecast for 2019-20 to 5.8% from the earlier estimate of 6.2%. It attributed the deceleration to an investment-led slowdown that has broadened into consumption, driven by f
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