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Tuesday, 23 July 2019

IMF projects slower growth rate for India

The IMF on Tuesday projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3%, saying its GDP will now grow at the rate of 7 and 7.2%, respectively reflecting a weaker-than expected outlook for domestic demand. However, India will still be the fastest growing major economy of the world and much ahead of China, the IMF said.

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