ANZ slashes forecast for India's GDP growth in FY20 to 6.2%
- It is difficult to see a turnaround in the foreseeable future as the economy is beset by multiple constraints: ANZ
- The bank also slashed its India GDP forecast to 6.5% for FY21
New Delhi: The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2% in the financial year ending next March from a previous estimate of 6.5%, warning it would be tough for authorities to engineer a turnaround.
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