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Thursday 12 September 2019

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India's eco growth is 'much weaker' than expected: IMF

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The International Monetary Fund (IMF) on Thursday said that India's economic growth is "much weaker" than expected due to corporate and environmental regulatory uncertainty and "lingering weakness" in some non-Bank financial companies. The IMF has cut its projection for India's economic growth by 0.3 percentage points to 7% for the fiscal year 2019-20.

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