India: Moody's slashes India GDP growth in 2020 to 2.5 pc
New Delhi, Mar 27 (PTI) Moody's Investors Service on Friday slashed its estimate of India's GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent and said the coronavirus pandemic will cause unprecedented shock to the global economy.
The estimate for 2020 compares to 5 per cent economic growth in 2019.