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videos | IST

Experts discuss India's FY20 GDP forecast by IMF

Mini

In an interview to CNBC-TV18, Rathin Roy, the former member of Prime Minister’s Economic Advisory Council and Soumya Kanti Ghosh, group chief economic adviser of State Bank of India, discussed the growth story.

After the Reserve Bank of India (RBI), World Bank, Organisation for Economic Co-operation and Development (OECD) and the Asian Development Bank, the International Monetary Fund (IMF) on Tuesday has handed a sharp 90 basis point cut to its India growth forecast.
Citing weak domestic demand, the IMF has lowered the forecast to just over 6 percent for this financial year which is also the projection by the RBI. The fund has also raised a red flag on global growth. The global growth forecast has been cut by 20 basis points to 3 percent, which is the slowest since the global financial crisis.
In an interview to CNBC-TV18, Rathin Roy, the former member of Prime Minister’s Economic Advisory Council and Soumya Kanti Ghosh, group chief economic adviser of State Bank of India, discussed the growth story.