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, 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.