{"id":86305,"date":"2019-10-11T17:06:20","date_gmt":"2019-10-11T11:36:20","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10837"},"modified":"2019-10-11T17:06:20","modified_gmt":"2019-10-11T11:36:20","slug":"moodys-cuts-india-gdp-growth-forecast-to-5-8","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/moodys-cuts-india-gdp-growth-forecast-to-5-8\/","title":{"rendered":"Moody\u2019s cuts India GDP growth forecast to 5.8%"},"content":{"rendered":"\n<p><strong>News:<\/strong>International rating agency Moody has announced the lowering of India&#8217;s Gross Domestic Products(GDP) growth to 5.8% from 6.2%.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>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.<\/li><li>Further, credit crunch among Non-Bank Financial Institutions(NBFIs) who have been major providers of retail loans in recent years has increased the problem.<\/li><li>However,Moody&#8217;s has said that it expects a moderate pickup in real GDP growth and inflation over the next two years through monetary and fiscal stimulus.<\/li><\/ul>\n\n\n\n<p><strong>Fiscal Deficit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Moody has said that the recently announced corporate tax cuts and lower nominal GDP growth may increase the fiscal deficit to 3.7% of GDP in financial year 2019 marking a 0.4 percentage point slippage from its target.<\/li><li>It also said that the structural need for spending on public sector salaries, welfare schemes and infrastructure is also a major cause of India&#8217;s deficit.&nbsp;<\/li><li>Further,the nation&#8217;s limited tax revenue base due to a large low-income population has also impacted fiscal deficit.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Fiscal Deficit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Fiscal deficit is the amount of money that the government needs to borrow in a given year because their expenses were more than their revenues.<\/li><li>In Union Budget 2019,India has set a fiscal deficit target of 3.3% of the Gross domestic product(GDP) for 2019-20.<\/li><\/ul>\n\n\n\n<p><strong>About Moody:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Moody&#8217;s is an essential component of the global capital markets.<\/li><li>It providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:International rating agency Moody has announced the lowering of India&#8217;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&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/moodys-cuts-india-gdp-growth-forecast-to-5-8\/\">Continue reading <span class=\"screen-reader-text\">Moody\u2019s cuts India GDP growth forecast to 5.8%<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3491,3884],"class_list":["post-86305","post","type-post","status-publish","format-standard","hentry","category-economy","tag-gdp-forecast","tag-moody","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704862638},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86305"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86305\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}