World Bank says India faces severe slowdown, slashes FY20 GDP forecast to 6%2 min read 13 Oct 2019, 06:45 PM IST
Growth is expected to gradually recover to 6.9% in FY21 and to 7.2% in FY22, the bank said in its latest South Asia Economic Focus report
The World Bank observed that NBFCs in India remain vulnerable to financial stress despite liquidity enhancing steps
New Delhi: The World Bank slashed its economic growth forecast for India to 6% for the current fiscal from its April projection of 7.5%, citing a broad-based and severe cyclical slowdown.
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