Home INDIA Now Crisil lowers India’s GDP growth forecast to 6.3%, says slowdown deeper than suspected

Now Crisil lowers India’s GDP growth forecast to 6.3%, says slowdown deeper than suspected

Now Crisil lowers India’s GDP growth forecast to 6.3%, says slowdown deeper than suspected
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Domestic rating agency Crisil on Wednesday cut India’s GDP growth forecast to 6.3 per cent for fiscal year 2020 from its earlier forecast of 6.9 per cent. This comes after the GDP growth was at its slowest in almost 6 years and grew only at 5 per cent in the first quarter.

The agency has said that lower GDP growth forecast corroborates that India’s economic slowdown is deeper and more broad-based than suspected.

Read more:
https://www.indiatoday.in/business/story/crisil-lowers-india-gdp-growth-forecast-to-6-3-from-6-9-1595685-2019-09-05

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