Categories: Economy

Moody’s cuts India’s GDP growth to 2.5% in 2020

Moody’s Investors Service reduced India’s GDP growth in 2020 to 2.5 per cent from the earlier estimate of 5.3 per cent. The Coronavirus pandemic will cause unprecedented shock to the global economy.

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Moody’s Global Macro Outlook 2020-21, India will see a sharp fall in incomes at an estimated 2.5 per cent growth rate. Moody’s now expects real GDP in the global economy to contract by 0.5 per cent in 2020, followed by a pickup to 3.2 per cent in 2021.

Important takeaways for all competitive exams:

  • Moody’s Corporation is an American business and financial services company.
  • The Headquarters of Moody’s is in New York, USA.

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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.

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