India’s slow growth is a drag on the world: IMF2 min read 20 Jan 2020, 11:22 PM IST
Fund slashes India’s FY20 growth forecast to 4.8%, also trims global outlook
'Growth in India slowed sharply owing to stress in the NBFC sector and weak rural income growth,' said IMF chief economist Gita Gopinath
New Delhi: The International Monetary Fund (IMF) on Monday slashed India’s growth forecast by 1.3 percentage points to 4.8% for 2019-20, prompting the agency to also trim its global growth estimates as a result.
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