The slowdown in the growth rate continues. In its recent MPC meeting, the RBI sharply pruned its GDP growth forecast for FY 2020, from 5.9% to 5%. And now Moody’s which had earlier changed its India rating outlook from stable to negative, also cut its estimate of India’s GDP growth in the current year, from 5.8% to 4.9%. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take.
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