India GDP Growth Forecast Cut
India GDP Growth Forecast Cut

India GDP Growth Forecast Cut

India GDP Growth Forecast Cut

Moody’s Investors Service, due to the effect of demonetization, has cut its forecast for India’s GDP growth in 2017 by 40 basis points to 7.1%, Indiainfoline reported. India has been termed as the fastest growing economy among the G-20 countries by the rating agency. On Wednesday, the IMF estimated that India’s GDP growth will take a hit by 150 bps until March 2019 due to demonetization, which resulted in the suppression of the growth forecast by Moody’s. Moody’s foresees a risk to global growth from changes in US policies, apart from India being affected as a nation.

Short URL : https://goo.gl/z9xnIa
  1. https://goo.gl/W7k7yt
  • https://goo.gl/0Q33xs
  • https://goo.gl/uKs5fa
  • https://goo.gl/6SQfzt
  • https://goo.gl/hhytF8

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints