LONDON: Global ratings major Moody's has said that tough times are ahead for the Indian economy and it may revise downwards the country's growth forecast for 2011-12 to 6.5%.

"We may need to revise our 2012 growth outlook from the current rate of 7% and towards something like 6.5%... It looks like tough times are ahead," Moody's Analytics said in a report.

The country's Gross Domestic Product (GDP) growth slipped to 6.9% in the second quarter, the lowest in over two years. For April-September of the fiscal, the average growth rate stood at 7.3%.

The economic growth in 2010-11 stood at 8.5%. Growth in eight core infrastructure industries dipped to 0.1% in October, the lowest in five years.

RBI has already revised its growth projection for the Indian economy to 7.6%, from 8% earlier.