Moody's slashes India growth forecast to 0.2% for 2020
Updated : April 29, 2020 05:46 AM IST
For 2021, Moody's expects India's growth to rebound to 6.2 percent.
In its report titled - Global Macro Outlook 2020-21 (April 2020 update), Moody's has lowered G-20 advanced economies as a group to contract by 5.8 percent in 2020.
Moody's said the economic costs of coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly.