Moody's Cuts India's Growth Forecast to 7.3% for 2018

Ratings agency Moody's has revised lower India's economic growth forecast to 7.3% for 2018 from 7.5% projected earlier.

"Higher oil prices and tighter financial conditions will weigh on the pace of acceleration, " Moody's said in its Global Macro Outlook: 2018-19 May.

Meanwhile, it expects China's economy to expand 6.6 percent in 2018 and 6.4 percent in 2018.