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International Monetary Fund Lowers India’s Economic Growth Projection

International Monetary Fund Lowers India’s Economic Growth Projection

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  24 July 2019 10:29 AM GMT

New Delhi: The International Monetary Fund (IMF) on Tuesday slightly lowered India’s economic growth projection in 2019 to 7 percent.

According to the IMF’s World Economic Outlook Update, India’s economy is set to grow at 7 percent in 2019, picking up to 7.2 percent in 2020.

“The downward revision of 0.3 percentage point for both years reflects a weaker-than-expected outlook for domestic demand,” the update said on Tuesday. (IANS)

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