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.

Click Here To Get Test Series For SBI PO 2020

Important takeaways for all competitive exams:

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

Find More Economy News

AddThis Website Tools
Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

In Which State is Wayanad Wildlife Sanctuary Located?

The Wayanad Wildlife Sanctuary is a well-known forest area in India that is famous for…

2 hours ago

NITI AAYOG Launched Unlocking $25+ Billion Export Potential Report

NITI Aayog launched a report titled ‘Unlocking $25+ Billion Export Potential - India’s Hand &…

3 hours ago

Justice BR Gavai Next CJI of India as Successor to Chief Justice Sanjiv Khanna

On April 16, 2025, Chief Justice of India (CJI) Sanjiv Khanna named Justice B R…

3 hours ago

In Which State is Grizzled Squirrel Wildlife Sanctuary Located?

The Grizzled Squirrel Wildlife Sanctuary is a protected area in India that was created to…

3 hours ago

Defence Literature Festival ‘Kalam & Kavach 2.0’

The Centre for Joint Warfare Studies (CENJOWS), under the aegis of the Headquarters Integrated Defence…

4 hours ago

Banaras Shehnai Get Recognition of GI Tag

The recent conferment of the Geographical Indication (GI) tag to the Banaras Shehnai is a…

4 hours ago