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India's GDP for 2019 cut down to 6.2% by Moody's

Nabanita Dutta

News Editor

Friday, Moody's has cut down India's GDP growth forecast to 6.2%. Earlier this year, Moody's predicted a GDP growth of 7.3% for India, but a weaker global economy has stunted Asian exports and slowed down the GDP growth. The International Monetary Fund (IMF) has cut India's growth by 30 basis points for the 2019-20 calendar year. Meanwhile, RBI has also lowered the GDP growth rate of India from 7 to 6.9.