India GDP Analysis by Moody's Moody's Corporation, often referred to as Moody's, which is an American business and financial services company. It’s Investors Service on Thursday cut India’s gross domestic product (GDP) growth forecast for 2019-20 to 5.8% from the earlier estimate of 6.2%. It believes that something led to an investment-led slowdown that has made wide consumption, driven by financial stress among rural households and weak job creation. It expects growth to pick up to 6.6% in FY21 (fiscal year) and around 7% over the medium term. India’s economic growth slumped to a six-year low of 5% in the April-June quarter and, according to the Reserve Bank of India (RBI), is likely to be near this trough at 5.3% in the July-September quarter. The central bank had last week cut the country’s growth forecast for FY20 to 6.1% from 6.8% estimated earlier. With the recently announced corporate tax cuts and lower nominal GDP growth, it expects a cent...