Meanwhile, more bad news on Indian's economy. Moody's Investors Service on Monday said that India's weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors. Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9 per cent from 5.8 per cent. The major factors responsible for weakening economic growth were rural financial stress, low job creation and liquidity constraints, Moody's Investors Service said in a report.