IMF projected India's growth rate at 6.1% in 2019
The
IMF on Tuesday slashed India's GDP growth projection for the year 2019
to 6.1 per cent, which is 1.2 % down from its April projections. The
International Monetary Fund (IMF) in April said
As against India's real growth
rate of 6.8% in 2018, the IMF in its latest World Economic Outlook projected
India's growth rate at 6.1% in 2019 and noted that the Indian economy is
expected to pick up the next year at 7.0% in 2020. On Sunday, the World Bank in
its latest edition of the The downward revision relative
to the April 2019 WEO of 1.2 percentage points for 2019 and 0.5 percentage
point for 2020 reflects a weaker-than-expected outlook for domestic demand, the
IMF said.