Moody's Cuts India's GDP Forecast to 7.3% from 7.5% Due to Higher Oil Prices

"The Indian economy is in cyclical recovery led by both investment and consumption. However, higher oil prices and tighter financial conditions will weigh on the pace of acceleration. We expect GDP growth of about 7.3 per cent in 2018, down from our previous forecast of 7.5 per cent," the report said.

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