Moody's estimates India's GDP growth rate to be 5.6% for 2019.
It expects economic growth to be 6.6 percent and 6.7 percent respectively in 2020 and 2021, but the pace of growth is lower than in the past. "We have reduced our gross domestic product (GDP) growth forecast for India to 5.6 ...
Moody's Investors Service said on Friday that it has lowered its 2019 GDP growth forecast for India to 5.6 per cent because of slow growth on consumption.
It expects economic growth to be 6.6 percent and 6.7 percent respectively in 2020 and 2021, but the pace of growth is lower than in the past.
Moody's said that we have brought our 2019 gross domestic product (GDP) growth rate for India to 5.6 percent, which is less than 7.4 percent in 2018.
"Consumption demand has dropped significantly, slowing employment consumption has declined," it said. "We expect economic growth to be 6.6 percent and 6.7 percent respectively in 2020 and 2021, but the pace of growth will be lower than in recent times."
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It expects economic growth to be 6.6 percent and 6.7 percent respectively in 2020 and 2021, but the pace of growth is lower than in the past. "We have reduced our gross domestic product (GDP) growth forecast for India to 5.6 ...
Moody's Investors Service said on Friday that it has lowered its 2019 GDP growth forecast for India to 5.6 per cent because of slow growth on consumption.
It expects economic growth to be 6.6 percent and 6.7 percent respectively in 2020 and 2021, but the pace of growth is lower than in the past.
Moody's said that we have brought our 2019 gross domestic product (GDP) growth rate for India to 5.6 percent, which is less than 7.4 percent in 2018.
It dropped by 4.5 percent in the July-September quarter.
"Consumption demand has dropped significantly, slowing employment consumption has declined," it said. "We expect economic growth to be 6.6 percent and 6.7 percent respectively in 2020 and 2021, but the pace of growth will be lower than in recent times."
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Only SMS On : 7874422222
Email : atgnse@gmail.com
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