Raghuram Rajan warns about the ‘worrisome’ economic situation of India

Money Control | Oct 12, 2019 at 9:38 PM
  • Moody’s Investors Service on October 10 had slashed its 2019-20 GDP growth forecast for India to 5.8 percent from earlier estimate of 6.2 percent.
  • The RBI had also cut its GDP growth forecast for full year (FY20) to 6.1 percent from 6.9 percent.
  • The central bank also reduced April-June quarter 2021 GDP growth forecast by 0.2 percent to 7.2 percent.