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India

IMF cuts India's FY20 GDP growth forecast to 6.1% from 7% 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,

Indian economy doing very badly, says Nobel a Indian-American Abhijit Banerjee, who jointly won the 2019 Nobel Economics Prize with his wife Esther Duflo and Harvard's Michael Kremer, said Monday that the Indi