<div>Moody's Investors Service cut its forecast for India's economic growth to around 7 percent this year from 7.5 percent because of lower-than-expected rainfalls in the ongoing monsoon season, the ratings agency said on Tuesday.</div><div> </div><div>Moody's maintained its forecast of around 7.5 percent increase in gross domestic product (GDP) for 2016, but pointed to risks ahead that include delays to the government's reform plans.</div><div> </div><div>Moody's rates India at its lowest investment grade rating of "Baa3" with a "positive" outlook.</div>
