News:Moody’s Investor Service has released its Global Macro Outlook Report. Facts: Key takeaways from the report: Revised India’s growth forecasts to 5.4% for 2020 and 5.8% for 2021, down from previous projections of 6.6% and 6.7% respectively. India’s key to stronger economic momentum would be revival of domestic demand and resumption of credit growth. It… Continue reading Moody’s slashes India’s 2020 growth projection
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Moody’s Cuts India’s GDP Growth Forecast To 5.6% For 2019-20
News:Moody’s Investors Service has reduced India’s economic growth forecast to 5.6% for 2019 from 5.8% projected earlier. Facts: The growth forecast has been reduced due to investment-led slowdown that has broadened into consumption,driven by financial stress among rural households and weak job creation. To overcome the growth slowdown,the government has undertaken a number of measures.… Continue reading Moody’s Cuts India’s GDP Growth Forecast To 5.6% For 2019-20
Moody’s cuts India GDP growth forecast to 5.8%
News:International rating agency Moody has announced the lowering of India’s Gross Domestic Products(GDP) growth to 5.8% from 6.2%. Facts: The reasons for lowering the growth rate are (a)investment-led slowdown (b)weak consumption (c)financial stress among rural households and (d)weak job creation. Further, credit crunch among Non-Bank Financial Institutions(NBFIs) who have been major providers of retail loans… Continue reading Moody’s cuts India GDP growth forecast to 5.8%
