![India’s GDP to sink 3.1% in 2020: Moody’s GDP](https://focusmerit.com/wp-content/uploads/2020/03/GDP-1-300x180.jpg)
- Moody’s Investor Service further lowered its growth forecast for India to -3.1% this calendar year correlated to 0.2% in April.
- The June 2020 update of its Global Macro Outlook, published on 22nd June, expected a marginally greater rebound at 6.9% in 2021, as opposed to 6.2% in the April update.