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MOODY'S PROJECTS FURTHER SLIP IN INDIAN ECONOMY GROWTH.

AsiaPulse News

| September 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Sep 1 Asia Pulse - Projecting a further slip in the growth of Indian economy, rating agency Moody's on Friday said the global financial market turmoil has taken its toll on the India's financial market.

"Foreign investors have rapidly repatriated funds from India, leading to the bearish stock market.

"As it is still difficult to predict when the global woes will bottom, it is likely that investors will maintain a cautious stance for the rest of 2008," the rating agency said reacting to a decline in growth of Indian economy in first ...

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