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Moody's lowers India's 2019 GDP growth estimate to 6.2%

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Amid a worsening economic slowdown, US rating agency Moody's on Friday lowered India's GDP growth forecast for the 2019 calendar year to 6.2 per cent, from its earlier estimate of 6.8 per cent, and also revised downwards its growth forecast for 16 economies in the Asia-Pacific region.The Moody's Investor Service report also cut India's gross domestic product (GDP) growth rate for 2020 by a similar 0.6 percentage points to 6.7 per cent.

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