IMF Cuts India's growth Rate

Why is it in the news ?
  • The International Monetary Fund cut its estimate for India’s growth this year to 6.1% from 7% projected in July.
  • The IMF published it in its latest World Economic Outlook report.
More in the news
Findings of the IMF Report:
  • The downward revision reflected a weaker-than-expected outlook for domestic demand.
  • Globally, rising trade barriers, heightened uncertainty around trade and geopolitics.
  • The structural factors, such as an ageing population in advanced economies, were the causes of a “synchronised slowdown.
Source
The Hindu.
Posted by Jawwad Kazi on 16th Oct 2019
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