New Delhi,
\nMoody\u2019s Investors Service on Wednesday cut India\u2019s 2018 growth forecast to 7.3% from the previous estimate of 7.5%, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration.<\/p>\n
Moody\u2019s, however, maintained its 2019 growth forecast at 7.5%.<\/p>\n
\u201cThe Indian economy is in cyclical recovery led by both investment and consumption. However, higher oil prices and tighter financial conditions will weigh on the pace of acceleration.<\/p>\n
\u201cWe expect GDP growth of about 7.3% in 2018, down from our previous forecast of 7.5%. Our growth expectation for 2019 remains unchanged at 7.5 per cent,\u201d it said in an update of its \u2018Global Macro Outlook: 2018-19\u2019.<\/p>\n
Moody\u2019s said growth should benefit from acceleration in rural consumption, supported by higher minimum support prices and a normal monsoon.<\/p>\n
\u201cThe private investment cycle will continue to make a gradual recovery, as twin balance-sheet issues \u2014 impaired assets at banks and corporates \u2014 slowly get addressed through deleveraging and the application of the Insolvency and Bankruptcy Code,\u201d it said.<\/p>\n
Also, the ongoing transition to the new Goods and Service Tax regime could weigh on growth somewhat over the next few quarters, which poses some downside risk to the forecast, it said. \u201cHowever, we expect these issues to moderate over the course of the year.\u201d For the world economy, Moody\u2019s expected 2018 to be a year of robust global growth, similar to 2017.<\/p>\n
Moody\u2019s said downside risks to growth stem from emerging markets turmoil, oil price increases and trade disputes.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi, Moody\u2019s Investors Service on Wednesday cut India\u2019s 2018 growth forecast to 7.3% from the previous estimate of 7.5%, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration. Moody\u2019s, however, maintained its 2019 growth forecast at 7.5%. \u201cThe Indian economy is […]<\/p>\n","protected":false},"author":1,"featured_media":32686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-32685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/32685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=32685"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/32685\/revisions"}],"predecessor-version":[{"id":32687,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/32685\/revisions\/32687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/32686"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=32685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=32685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=32685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}