Bad news for Indian GDP, Moody's lowers its growth projection

India's weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors, Moody's Investors Service said on Monday.
Like other major markets, India's growth has decelerated with GDP growth falling to 4.5 per cent in the July to September quarter from 5 per cent in the April to June quarter. Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9 per cent from 5.8 per cent.