India FY20 GDP: What World Bank, IMF, ADB, Moody's and S&P forecast
Updated : October 14, 2019 01:59 PM IST
Economists from global firms have lowered India's GDP growth for the fiscal year 2019-2020 after the Reserve Bank of India cut its growth estimates in the monetary policy statement earlier this month. Moreover, an RBI survey showed that the Indian consumers’ confidence in the economy and employment status in the country dropped to a six-year low in September. Here is what economists from Moody's, S&P Global, International Monetary Fund, World Bank and Asian Development Bank said about the Indian economy.