Cut rates, reform more to revive economy: IMF’s advice to India3 min read . Updated: 15 Oct 2019, 11:23 PM IST
- India’s growth projection cut to 6.1% for FY20 amid a cyclical slowdown
- The IMF said India’s economy decelerated in the June quarter, held back by sector-specific weaknesses
New Delhi: India should opt for further monetary policy easing and broad-based structural reforms to reverse a cyclical demand slowdown, the International Monetary Fund (IMF) said on Tuesday while slashing its growth projection for the country to 6.1% for the current fiscal from its July forecast of 7%.
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