Moody’s Cuts India GDP Growth Forecast to 6% for FY27:
Global rating agency Moody’s has revised the India’s economic outlook and cuts the FY27 GDP growth forecast to 6% from 6.8%. This downgrade reflects the growing concerns over the West Asia region, rising energy prices and the weak domestic demand. As India remains heavily dependent on the imported energy the global disruptions creates impact inflation, consumption and the industrial activity.
