Union finance minister Nirmala Sitharaman has said India is still among the fastest growing economies despite IMF projections. The IMF on Tuesday slashed India’s growth projection to 6.1% for the current fiscal from its July forecast of 7%, urging the country to opt for further monetary policy easing and broad-based structural reforms to reverse a cyclical demand slowdown
Union finance minister Nirmala Sitharaman has said India is still among the fastest growing economies despite IMF projections. The IMF on Tuesday slashed India’s growth projection to 6.1% for the current fiscal from its July forecast of 7%, urging the country to opt for further monetary policy easing and broad-based structural reforms to reverse a cyclical demand slowdown