Monsoon Season

Moody’s Cuts India’s 2015 GDP Growth Forecast To 7% Amid Below-Normal Monsoon

Moody’s Investors Service lowered India’s economic growth forecast to 7 percent for 2015, from its previous estimate of 7.5 percent, as it believes that below normal monsoon rainfall will offset higher government spending and cautioned that further risks to growth stems from a slow pace of reforms. “We have revised our GDP growth forecast down to … Continue reading →