mo4ch:>Indian economy to fall slightly short of forecasts as Modi prepares to take oath | Mo4ch News
India’s GDP growth is expected to be at 6.9 percent, slightly lower than the previously-projected level of 7 percent, according to India Ratings and Research (Ind-Ra) which urges the new government to take on reviving the economy.In the forecast, which is focused on the fiscal 2018-19 that ends on July 31, the agency stressed that the growth in the fourth quarter would slow to 6.3 percent from 6.6 percent in the previous quarter.According to Ind-Ra, the current fiscal year will be the second consecutive period of economic decline in India. The GDP saw a growth of 7.2 percent during 2017-18. The fresh outlook comes ahead of the inauguration of Prime Minister Narendra Modi for a second term.Also on rt.comIndia’s stocks flying high as PM Modi is set to secure second term“Arresting the slowdown and reviving the economy will be the first challenge for the new government,” the rating agency said. “While cyclical challenges can be addressed through short-term measures, the need of the hour i…