Indian rural economy to remain subdued in 2015-16, says Moody's
The slower rural income growth is partly the result of increased fiscal restraint by the central government, that Moody's Investors Service believes is unlikely to change in the coming quarters.
Chennai Last Updated: June 30, 2015 | 12:05 IST
This forecast represents the highest projection amongst G20 economies, and provides a key pillar of support for the Baa3 sovereign rating and positive outlook. (Photo: Reuters)