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Economy

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.
NBFC crisis could derail India's growth story, warns Moody's

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