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Economy

CRISIL cuts India's FY20 GDP growth forecast citing weak monsoon, sluggish earnings

Updated : August 02, 2019 10:31 AM IST

While the slowdown would be significant in the first half of this fiscal, the second half is expected to find support from expected monetary easing, consumption, and statistical low-base effect, said the firm.
According to the firm, corporate revenue growth will slip back to single-digit after two fiscals, at a rate of 8 percent, reversing the trend of double-digit growth in the past two fiscals. 
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