India’s GDP to sink 3.1% in 2020: Moody’s

GDP
  • 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.