India to Grow at 7% in FY15, CAD to Remain Low
Moody’s Investors Service today said India’s current account deficit is likely to remain low supported by declining oil prices.
Moody’s Investors Service today said India’s current account deficit is likely to remain low supported by declining oil prices but a slow recovery in industrial output and investment would drag economic growth to 7 per cent in the current fiscal.
Moody’s also lowered growth forecasts for many Asia Pacific (APAC) sovereigns, citing that subdued global growth, exacerbated by weaker demand from China. Details
