Business »  Topic »  Moody's cuts India 2020 GDP forecast to 2.5%; global growth to dip to -0.5%

Moody's cuts India 2020 GDP forecast to 2.5%; global growth to dip to -0.5%


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Moody’s Investor Service (Moody’s) has slashed its economic growth forecast for India to 2.5 per cent for calendar year 2020 (CY20) even as it expects the growth to bounce back to 5.8 per cent in 2021 (CY21). At the global level, it expects a GDP growth of negative 0.5 per cent in CY20, before bouncing back in CY21.

The downward revision in growth rates for CY20 comes in the backdrop ...


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