Despite many challenges, growth to be near-trend in 2019: Moody's
Updated : November 07, 2018 10:34 AM IST
The agency said emerging markets, including India and Indonesia, are likely to grow near-trend in 2019, even as global growth is expected to decelerate. The ongoing trade and currency wars between the world's largest economies have blamed for the deceleration in the global growth engine.
It can be noted that the country is facing many challenges, including currency depreciation and a widening current account gap and the resultant balance of payment troubles, which is said to be one of the prime causes of the rupee plunge, which since the beginning of the year lost more than 14 percent.
Crude oil prices are one of the key influencers of a host of factors, including the current account deficit and also domestic inflation as fuel prices get reviewed daily as per the movement in the Indian crude basket.