Economy ANZ slashes forecast for India's GDP growth in FY20 to 6.2% Updated : August 16, 2019 09:01 PM IST The bank's estimate of GDP growth is now well below the expectations of other banks, and a long way from the RBI's forecast of 6.9 percent forecast, which itself was cut from 7.0 percent this month. The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.