India Ratings cuts growth forecast to 7.2% from 7.4%

“The key reason for this is the upward revision in the estimation of inflation for FY19 due to increasing crude prices and the goverment's decision to fix the minimum support prices of all kharif crops at 1.5 times of the production cost,” India Ratings (IndiaRa) said in a statement.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OFarqn
via IFTTT