Moody’s Cuts India GDP Growth: This news is going to shock for India on the economic front amid global tension on tariffs. International Research firm Moody’s has now reduced its predecessor estimate of India’s GDP growth rate to 6.1 percent. However, Moody’s has estimated before the 90 -day break on the tariff from the US.

The report states that America is a very big partner of India. In such a situation, 26 percent tariff on goods exported by India will completely deteriorate the business balance. Moody’s warned that the most impact will be on games and jewelery, medical equipment and textile industry.

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