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Moody's cuts India GDP growth forecast for 2019 to 6.2% from 6.8%

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Christian Fernsby ▼ | August 23, 2019
Asia   India

Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 per cent from the previous estimation of 6.8 per cent.

Topics: India GDP

For 2020 calendar year, it reduced the estimate by a similar measure to 6.7 per cent.

In a statement, it said the weaker global economy has stunted Asian exports and the uncertain operating environment has weighed on investment.

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