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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Watch IMF cuts India's GDP growth forecast to 7% for FY20 With HD Quality.
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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Watch IMF cuts India's GDP growth forecast to 7% for FY20 With HD Quality
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ऐसे कैसे होगा देश का विकास ? | IMF ने विकास दर अनुमान घटाया | IMF Cuts India's Growth Forecast
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Watch ऐसे कैसे होगा देश का विकास ? | IMF ने विकास दर अनुमान घटाया | IMF Cuts India's Growth Forecast With HD Quality
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The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts business confidence and investment, the IMF said Tuesday. WEO said India's growth in 2019 is sharply lower than the 6.8 per cent in 2018 'for idiosyncratic reasons, but is expected to recover in 2020'. The reduction in India's growth projection for this year 'reflects a weaker-than-expected outlook for domestic demand', WEO said. However, India still retains its rank as the world's fastest-growing major economy, tying with China, with a projected growth rate of 6.1 per cent for the current fiscal year.
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Watch IMF cuts global growth forecast; downgrades India's growth projection to 6.1% in 2019 With HD Quality
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In the midst of a raging controversy over India's economic growth under the new GDP series, former Chief Economic Adviser Arvind Subramanian has said India is grossly overestimating its GDP growth rate.
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Watch Ex-CEA cuts GDP estimate, says India grossly overestimating its GDP growth rate With HD Quality
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With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for global GDP by two-tenths to 3.7 per cent for 2018 and 2019, according to the quarterly World Economic Outlook Report.
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The International Monetary Fund has slashed its estimate on India’s 2019 economic growth to 4.8% from the 6.1% expansion it projected in October, citing a sharper-than-expected slowdown in local demand and stress in the non-bank financial sector.
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Watch IMF lowers India’s FY20 growth estimate to 4.8% With HD Quality
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On account of the negative impact of the second wave of Covid-19, Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial to 9.3 per cent, from the 13.7 per cent projected earlier.
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Moody's cuts India's GDP growth forecast to 9.3 per cent from 13.7 per cent for fiscal 2021
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Finance Minister Nirmala Sitharaman has tabled Economic Survey 2019 report in the Rajya Sabha, a day ahead of much-awaited maiden Budget of Modi 2.0.
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India's GDP or gross domestic product grew 5 per cent in the quarter ended June 30, government data showed on Friday, marking the slowest pace of expansion recorded since March 2013. The country's GDP growth was sharply lower than economists' estimates. Economists in a poll by news agency Reuters had expected the GDP growth at 5.7 per cent in the first quarter of the current financial year. #GDPData #EconomyGoneBJPmaun #GDP
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