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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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.

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