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.
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