The International Monetary Fund (IMF) on Tuesday trimmed India’s growth forecast by 90 basis points to 6.1 per cent (100 basis points is one percentage point). This is the second time in seven months that the forecast has been cut.
“The downward revision relative to the April 2019 World Economic Outlook (WEO) of 1.2 percentage points for 2019 and 0.5 percent age point for 2020 reflects a weaker-than-expected outlook for domestic demand. Growth will be supported by the lagged effects of monetary policy easing, a reduction in corporate income tax rates, and recent measures to address corporate and environmental regulatory uncertainties,” the IMF said.
Denne historien er fra October 16, 2019-utgaven av The Hindu Business Line.
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Denne historien er fra October 16, 2019-utgaven av The Hindu Business Line.
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