Moody's cuts India's 2018 growth forecast to 7.3% from 7.5%
Thursday, May 31, 2018 IST
Moody's, however, maintained its 2019 growth forecast at 7.5 percent.
New Delhi: Moody's Investors Service on Wednesday cut India's 2018 growth forecast to 7.3 percent from the previous estimate of 7.5 percent, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration.
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