IMF Cuts Growth Outlook For India to 4.8% for FY20
Channel: Entrepreneur India
Date: 2020-01-23

The latest outlook from the International Monetary Fund (IMF) has further dented hopes of any potential recovery for the faltering Indian economy. The agency cut the country’s FY20 economic growth to 4.8 percent from the 6.1 percent that it estimated in October, citing a sharper-than-expected fall in domestic demand and stress in the non-bank financial sector which has led to a decline in credit growth.

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