Moody’s Investors Service today slashed India’s economic growth forecast to 5.6 per cent for 2019 from 7.4 per cent in 2018, saying the government does not address the widespread weakness in consumption demand. The slowdown is ‘lasting longer’ than expected, it said. It had last month slashed such forecast for fiscal 2019-20 to 5.8 per cent from 6.2 per cent.

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