Economy Budget 2020: Focus on rural spending, credit growth, recommends IMF’s Gita Gopinath Updated : January 21, 2020 12:01 PM IST Gita Gopinath had also cited weak credit growth and poor rural consumption as key reasons for lowering India’s GDP growth rate to 4.8 percent in FY20 from 6.1 percent estimated in October 2019. IMF chief economist said that the Reserve Bank of India’s monetary policy has generated a fair amount of stimulus, which will feed into the system over the next 12 months. 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.