Categories: Economy

Moody’s cuts India’s GDP growth to 0.2% from 2.5%

Moody’s Investors Service has cut India’s GDP growth forecast for the calendar year 2020 to 0.2%, from 2.5% projected in March. Moody’s has predicted India’s GDP growth rate to be 6.2% for 2021. Only China, India, and Indonesia are projected to witness economic growth in 2020 by Moody’s. Moody’s has cut its growth projection for India amid the nationwide lockdown due to the coronavirus pandemic.

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Headquarters of Moody’s: New York, United States (US).
President and CEO of Moody’s: Raymond Whitehead McDaniel, Jr.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.