Growth in India projected to 'decelerate' to 5% in 2019-2020: World Bank3 min read 09 Jan 2020, 04:04 PM IST
GDP growth is seen dipping to an 11-year low of 5% in the current fiscal, mainly due to poor showing by manufacturing, construction sectors
Weakness in credit from NBFCs is expected to linger, the report says
WASHINGTON : India's growth rate is projected to decelerate to five per cent in 2019-20 amid enduring financial sector issues, according to a World Bank report, which said the country's GDP was likely to recover to 5.8% in the following financial year.
Select your Category