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Moody's cuts India's GDP growth forecast to 5.6%

Credit: IndiaTimes- Published on December 13, 2019
Moody's Investors Service on Friday said it has lowered its 2019 GDP growth forecast for India to 5.6 per cent as slow employment growth weighs on consumption. It expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively, but sees the pace of growth remaining lower than past.
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Credit: HT Digital Content
Published on December 12, 2019 -  01:42
β€˜Not worried about the slow GDP growth’: Former President Pranab Mukherjee
Former President Pranab Mukherjee has said that he is not worried about the slow GDP growth.

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