NBFC crisis could derail India's growth story, warns Moody's
Updated : December 13, 2018 02:01 PM IST
Moody's explained that India's NBFCs are an important provider of credit to the country's economy.
The rating agency believes that the current NBFC crisis will weigh on India's growth prospects and expects the country's economic growth to slow to just above 7 percent for fiscal 2019 and 2020.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more