Moody’s cut its growth forecast for India for FY20 to 5.8% from 6.2% & said a weaker growth outlook will dampen the prospects for fiscal consolidation Alert: The ratings agency had lowered India’s growth forecast to 6.2% from 6.8% in August
NHB exposure in Dewan Housing Finance at Rs 24.35 billion, says India Ratings
Over a long-term horizon, the move to massively cut the corporate taxes by 10 percentage points to 25.17 per cent will push up capex, India Ratings and Research said.
India Ratings and Research (Fitch Group) has revised India’s FY20 GDP growth to 6.7% (six-year low) from its earlier forecast of 7.3%. It expects FY20 to be third consecutive year of subdued growth. #UnfitGovtUnfitEconomy
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