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Moody's cuts India growth projection to 5.4% for 2020

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Moody's Investors Service on Monday slashed India's growth forecast to 5.4 per cent for 2020 from 6.6 per cent projected earlier on slower than expected economic recovery. In its update on Global Macro Outlook, Moody's said India's economy has decelerated rapidly over the last two years and expects economic recovery to begin in the current quarter.

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