Moody's cuts India's GDP forecast to 7.3%; 2019 expectations unchanged at 7.5%
"The Indian economy is in cyclical recovery led by both investment and consumption. However, higher oil prices and tighter financial conditions will weigh on the pace of acceleration. We expect GDP growth of about 7.3 per cent in 2018, down from our previous forecast of 7.5 per cent," Moody`s report said.
Moody`s Investors Service report has cut India's GDP growth forecast to 7.3 per cent in 2018, from previous forecast of 7.5 per cent in the wake of higher oil prices and tighter financial conditions. Representational Image, source: Reuters