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

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

New SIM Card Rules 2026: 9-SIM Limit, DoT Restrictions and Key Changes

The Department of Telecommunications (DoT) has introduced measures to tighten the enforcement on the maximum…

15 hours ago

Which Is the Oldest River on Earth?

As rivers frequently change their channels, destroy lands around themselves and can even disappear from…

15 hours ago

India’s GM Pranesh M Wins Kanizsa Open 2026 Title in Hungary

Grandmaster Pranesh M, the young chess talent from India, has claimed victory in the Kanizsa…

16 hours ago

Andhra Pradesh Approves ₹31,387-Crore Green AI Data Centre

Andhra Pradesh State government gives its approval for establishing green artificial intelligence data centre in…

16 hours ago

Makkah Joint Defence Agreement: How This Pact Could Reshape West Asian Security and Impact India

Saudi Arabia, Türkiye and Pakistan signed the Makkah Joint Defence Agreement (MJDA) at Al-Safa Palace…

17 hours ago

Mitchell Starc Becomes Leading Wicket-Taker in WTC History

Mitchell Starc, left arm fast bowler of Australia, has managed to enter the record books…

17 hours ago