Ratings agency Moody’s expects India’s domestic and external headwinds to persist over the course of the year, resulting in 6.4% real gross domestic product (GDP) growth in the fiscal year 2020.
The growth rate, however, is expected to pick up to 6.8% next year.
The ratings agency revised lower India’s growth rate forecast for the calendar year 2019 to 6.2% from the earlier projection of 6.8%.
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