Moody's slashes India growth forecast to 0.2% for 2020

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Moody's slashes India growth forecast to 0.2% for 2020

Apr 29, 2020 12:12 IST

Moody's Investors Service on Tuesday slashed India's growth forecast to 0.2% for the 2020 calendar year from the earlier projection of 2.5% released in March. However, it expected a growth of 6.2% in 2021. India, China and Indonesia are the only three G-20 countries that are projected to grow in 2020, while the others will see a contraction, according to the report.

Economy