Ind-Ra reduces India’s GDP growth rate prediction for FY20 to 6.1%

Ind-Ra reduces India’s GDP growth rate prediction for FY20 to 6.1%

• India Ratings and Research has slashed India’s gross domestic product (GDP) growth forecast for 2019-20 (FY20) to 6.1%.
  
• This is second such downgrade in two months from Ind-Ra. Earlier it reduced the prediction to 6.7% from 7.3%.

Points to remember:

1. GDP growth Rate prediction for India in FY20 as per India Ratings and Research?