India may lose the 'fastest growing major economy' tag to China in 2016-17, as International Monetary Fund downgrades GDP growth forecast
New Delhi: India may lose the “fastest growing major economy" tag to China in 2016-17 with the International Monetary Fund (IMF) lowering India’s growth forecast for the year by a full percentage point to 6.6% because of disruption caused by the government’s move to invalidate high-value currencies.
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