Moody's cuts India's GDP growth to 6.2% for 2019 amid economic slowdown

The cut in growth rates for India was sharper for both the years than the other seven economies

For more tax revenue

Representative Image

Indivjal Dhasmana New Delhi
Amid an economic slowdown, Moody’s Investors Service has cut India’s gross domestic product (GDP) growth rate to 6.2 per cent for calendar year 2019 against its earlier projection of 6.8 per cent. 

The rating agency scaled down India’s economic growth to 6.7 per cent for 2020, a cut of another 0.6 percentage points.

If it happens, Chinese economic growth rate would equal India’s this calendar year. However, India would again become the fastest growing large economy, at least in Asia, next financial year as the Chinese GDP growth rate would come down to 5.8 per cent.
India was among eight countries

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 24 2019 | 12:42 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to