The International Monetary Fund on Monday slashed India’s GDP growth estimate to 4.8% for 2019-20 citing slowing domestic demand, stress in the non-banking financial sector and a decline in credit growth and also blamed the country’s slowdown for the downward revision in global and emerging economies growth.
The International Monetary Fund on Monday slashed India’s GDP growth estimate to 4.8% for 2019-20 citing slowing domestic demand, stress in the non-banking financial sector and a decline in credit growth and also blamed the country’s slowdown for the downward revision in global and emerging economies growth.
