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Moody's cuts India GDP growth forecast for 2019 to 6.2% from 6.8%

For 2020 calendar year, it reduced the estimate by a similar measure to 6.7 per cent

Press Trust of India  |  New Delhi 

Moody's, Moodys
A Moody's sign on the 7 World Trade Center tower. Photo: Reuters

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

For 2020 calendar year, it reduced the estimate by a similar measure to 6.7 per cent.

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

First Published: Fri, August 23 2019. 15:40 IST
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