Moody's cuts India's growth forecast to 7% from 7.7%
- The downward revision assumes higher inflation, high interest rates and slowing global growth will dampen economic momentum.
BENGALURU: Global rating agency Moody's Investors Service on Friday slashed India’s economic growth forecast for 2022 to 7%, from 7.7% estimated earlier, citing monetary policy tightening, higher inflation, uneven distribution of monsoon, and slowing global growth.
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