India’s forecast cut
India’s forecast cut
Published: 11:40 am Aug 19, 2015
MUMBAI: Moody’s Investors Service cut its forecast for India’s economic growth to around seven per cent this year from 7.5 per cent because of lower-than-expected rainfalls in the ongoing monsoon season, the ratings agency said on Tuesday. Moody’s maintained its forecast of around 7.5 per cent rise in GDP for 2016.