Moody’s Lowers India’s 2015 GDP Growth Forecast on Monsoon Fears

Published on 18 Aug, 2015

Owing to concerns regarding weak monsoons and a slower than expected pace of reforms by the current Indian government, rating agency Moody's has cut down India's 2015 GDP growth forecast to 7% from an earlier stated 7.5%. The rating agency has however, maintained its 2016 forecast of 7.5%.