Moody's slashes India growth forecast to 0.2% for 2020
New Delhi, Apr 28 (PTI) Moody's Investors Service on Tuesday slashed India's growth forecast to 0.2 per cent for the 2020 calendar year from the earlier projection of 2.5 per cent released in March.
Stating that the economic costs of shutdown of the global economy are accumulating rapidly, Moody's in its Global Macro Outlook 2020-21 (April 2020 Update) projected that all G-20 advanced economies would contract by 5.8 per cent in 2020.
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