It is also underpinned by a sustained recovery in passenger traffic from the decline recorded in the first half of the financial year ending March 2020
'These forecasts appear ambitious given the combination of structural and cyclical challenges that the Indian economy faces'
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
'Vulnerability to extreme events related to sea level rise can also undermine investment'
Private-sector banks have a larger exposure to retail loans and may be more at risk
Financial stress among rural households and sluggish job creation are among the key drivers of the slowdown
It expects economic growth to pick up in 2020 and 2021 to 6.6% and 6.7% respectively
Moody's downgraded the Bank's long-term foreign currency issuer rating to B2 from Ba3, as potentially stressed assets and low loss-absorbing buffers may add pressure to its funding and liquidity.
Economic bad news has been trickling in since the beginning of 2019, but was buried under the nationalistic election rhetoric
Sluggish economic growth, slowing earnings are major concerns
The government is facing growing challenges in meeting its medium-term fiscal consolidation goals amid a slowing economy, which has been driven by a combination of both cyclical and structural factors
Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale
The European operations made up 35% of Tata Steel's total shipments in H1 of FY20, but generated only 2.4% of its reported consolidated EBITDA
The provisions in the IBC provide for the orderly resolution of a stressed company. Until now, the only resolution framework for NBFIs was through liquidation
The rating reflects significant improvement in RIL's scale and business mix over the past two years
RIL's Jamnagar refinery complexity increased to 21.1 as of March 2019 from 12.7 as of March 2018
"We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018," it said
The earlier B3 rating was itself a downgrade, by Moody's this August, and indicating hightened credit risk
TML is the largest manufacturer of commercial vehicles and passenger vehicles in India
Moody's now expects growth in G20 group of top world economies to stay around 2.6% next year, after 3% in 2018.