IMF downgrades India’s growth forecast from 6.1% to 5.9% #shortsvideo

ରେ ପ୍ରକାଶ ହୋଇଥିଲା: Jun 30, 2023
132 ଦୃଶ୍ୟସଂଖ୍ୟା



IMF downgrades India’s growth forecast from 6.1% to 5.9% #shortsvideo

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  • IMF says Indias growth rate weaker than expected

    International Monetary Fund (IMF) on Thursday said that India's economic growth is "much weaker" than expected due to corporate and environmental regulatory uncertainty and "lingering weakness" in some non-Bank financial companies. "Again, we will have a fresh set of numbers coming up but the recent economic growth in India is much weaker than expected, mainly due to corporate and environmental regulatory uncertainty and lingering weakness in some non-Bank financial companies and risks to the outlook are tilted to the downside, as we like to say," IMF spokesman Gerry Rice told reporters at a news conference.

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    The International Monetary Fund (IMF) has cut its projection for India's economic growth by 0.3 percentage points to 7 per cent for the fiscal year 2019-20 owing to the "weaker-than-expected outlook" for the domestic demand.




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