Though the government is continuously grappling with the
pressure of taking measure to accelerate the growth rate of the country as
leading rating agency Moody’s has also predicted the growth rate of the country
for 2019-20 financial year below 6 per cent that is 5.8 per cent. Moody’s is of the view that due to some factors impacting for
long term the slowdown in Indian economy is likely to be dragged for a slightly
longer time. Even Reserve Bank of India in its appraisal meeting for monetary
policy in the current fiscal reduced 6.1 per cent. Moody’s in its report says that the main reason behind slow
down is slump in investment which has brought down the number of employment.
This has also impacted consumption in the rural area. There are several reasons
for slowdown some are domestic but some of them are going to have long-term
impact.
Readers' Choice
ED arrests Anil Tuteja in Chhattisgarh liquor scam case
IPS officer writes to “Sarkar” seeking “Car” at par; flags a discriminatory regime
Gujarat: A major reshuffle of IPS enacted
Ex IAS officer joins BJP; to be fielded against Harsimrat Badal
ECI rejects proposal to appoint Saunik as CS; extension for Kareer sought
Moody’s prediction on growth rate of India’s economy
By IndianMandarins - 2019-10-11 10:29:00
Though the government is continuously grappling with the
pressure of taking measure to accelerate the growth rate of the country as
leading rating agency Moody’s has also predicted the growth rate of the country
for 2019-20 financial year below 6 per cent that is 5.8 per cent.
Moody’s is of the view that due to some factors impacting for long term the slowdown in Indian economy is likely to be dragged for a slightly longer time. Even Reserve Bank of India in its appraisal meeting for monetary policy in the current fiscal reduced 6.1 per cent.
Moody’s in its report says that the main reason behind slow down is slump in investment which has brought down the number of employment. This has also impacted consumption in the rural area. There are several reasons for slowdown some are domestic but some of them are going to have long-term impact.
