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Economy

IMF cuts India’s growth forecast by 90 bps to 6.1% for FY20

Updated : October 16, 2019 06:55 AM IST

India’s economy to grow at 6.1 percent in FY20, compared to 6.8 percent growth the previous year and then picking up to 7 percent in FY21.
Governance of public sector banks and the efficiency of their credit allocation need strengthening, the report observes.
IMF cuts India’s growth forecast by 90 bps to 6.1% for FY20

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