Moody's slashes India GDP growth in 2020 to 2.5%
New Delhi: Moody's Investors Service on Friday slashed its estimate of India's GDP growth during 2020 calendar year to 2.5 per cent from an earlier estimate of 5.3 per cent, on account of the rising economic cost of the coronavirus pandemic.
This compares to 5 per cent growth in 2019.
Moody's said, at the 2020 estimated growth rate, a sharp fall in incomes in India is likely, further weighing on domestic demand and the pace of recovery in 2021.
"In India, credit flow to the economy already remains severely hampered because of severe liquidity constraints in the bank and non-bank financial sectors," it said.
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Trump tells Fox News he's no longer sending Witkoff, Kushner to Pakistan for Iran talks
Islamabad (AP): President Donald Trump says he told top US envoys not to travel to Pakistan to negotiate with Iran, telling Fox News that "they can call us anytime they want.”
In a brief phone interview Saturday, Trump told Fox News that he told US negotiators Steve Witkoff and Jared Kushner “you're not going to be making any more 18 hour flights to sit around talking about nothing.”
Trump also said of the US side “we have all the cards.”
His comments came after the White House said Friday that Witkoff and Kushner would be heading to Pakistan for another round of negotiations with Iran.
