Moody’s cuts India GDP growth forecast to 6.2% for 2019

Moody’s Investors Service on Friday cut India’s GDP growth forecast for 2019 calendar year to 6.2% from the previous estimation of 6.8%.

For 2020 calendar year, it reduced the



estimate by a similar measure to 6.7%.

In a statement, it said the weaker global economy has stunted Asian exports and the uncertain operating environment has weighed on investment.