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Moody's cuts India's 2019 GDP growth forecast to 5.6% amid employment woes.
Dec. 14, 2019

Moody's Investors Service has lowered its 2019 GDP growth forecast for India to 5.6% as slow employment growth weighs on consumption.

It expects economic growth to pick up in 2020 and 2021 to 6.6% and 6.7% respectively, but sees the pace of growth remaining lower than the past.