Congress condemns Moody's analysis on economy

August 10, 2012

New Delhi, August 10 (ANI): Congress Spokesperson Manish Tewari today condemned the Moody's Analytics that cut India's growth forecast to 5.5 percent for this year, citing a lack of government or central bank action despite a broad- based slowdown, as well as a poor monsoon. He lashed out at the agency over the language used to refer to the central government. Addressing reporters in New Delhi, Tewari slammed the foreign rating agency for blaming the Congress party led central government for the dipping growth rate.

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