Moody’s Reduces India’s GDP Rate for FY20 to 5.6 Percent
- Moody’s Investors Service has lowered its 2019 GDP growth forecast for India to 5.6 percent based on slow employment growth weighs on consumption.
- GDP For 2019-20 – 5.6%
- GDP For 2020-21 – 6.6%
- GDP For 2021-22 – 6.7%
Points to Remember:
- GDP growth rate of India for 2019, 2020 and 2021 as per Moody’s?