Moody's cuts India growth forecast for 2021 to 9.6%
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Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter. Moody's said high-frequency economic indicators show that the second wave of COVID-19 infections hit India's economy in April and May.