The International Monetary Fund (IMF) cut India’s GDP growth projection for the year 2019 to 6.1% for the current fiscal from its earlier projection of 7 percent. IMF has also reduced the growth forecast for FY21 by 20 bps to 7.2%. However, three months later it projected a slower growth rate for India in 2019, a downward revision of 0.3 percent. As against India’s real growth rate of 6.8 percent in 2018, the IMF in its latest World Economic Outlook projected India’s growth rate at 6.1 percent in 2019 and noted that the Indian economy is expected to pick up the next year at 7.0 percent in 2020.

The International Monetary Fund (IMF) cut India’s GDP growth projection for the year 2019 to 6.1% for the current fiscal from its earlier projection of 7 percent. IMF has also reduced the growth forecast for FY21 by 20 bps to 7.2%. However, three months later it projected a slower growth rate for India in 2019, a downward revision of 0.3 percent. As against India’s real growth rate of 6.8 percent in 2018, the IMF in its latest World Economic Outlook projected India’s growth rate at 6.1 percent in 2019 and noted that the Indian economy is expected to pick up the next year at 7.0 percent in 2020.