Moody's cuts India's GDP growth forecast to 7.3% for 2018
Global credit rating agency Moody's has cut India's GDP growth estimate to 7.3% for the calendar year 2018, down from its previous forecast of 7.5%. The agency said that higher oil prices were likely to weigh-in on the country's economic recovery pace. However, the rating agency retained the GDP growth forecast for 2019 at 7.5%.