Moody’s Further Lowers India’s FY20 growth forecast to 4.9% 

Moody’s Further Lowers India’s FY20 growth forecast to 4.9%

• Moody’s Investors Service has lowered its GDP growth projection for India for the fiscal year 2019-20 to 4.9 percent from 5.8 percent.
• The major factors responsible for weakening economic growth are rural financial stress, low job creation and liquidity constraints.
• The US ratings multinational has also lowered the growth forecast for FY 2020-21 to 6.3 percent from an earlier prediction of 6.6 percent.

Points to Remember:

1. GDP growth rate of India for FY20 & FY21 as per Moody’s?