IMF lowers India’s growth outlook for FY20 on weaker demand3 min read . Updated: 23 Jul 2019, 11:54 PM IST
- The Indian economy is now expected to expand 30 bps slower in FY20
- IMF said multilateral and national policy actions are vital to place global growth on a stronger footing
New Delhi: The International Monetary Fund (IMF) further cut its annual growth forecast for India, as it expects weaker domestic demand to limit an economic recovery.
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