Ratings agency Moody’s has revised lower India’s economic growth forecast to 7.3% for 2018 from 7.5% projected earlier.
“Higher oil prices and tighter financial conditions will weigh on the pace of acceleration, ” Moody’s said in its Global Macro Outlook: 2018-19 May.
Meanwhile, it expects China’s economy to expand 6.6 percent in 2018 and 6.4 percent in 2018.
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