The IMF said that India's economic growth is "much weaker" than expected. It has attributed the reasons for corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. The International Monetary Fund (IMF) in July projected a slower growth rate for India in 2019 and 2020. It is a downward revision of 0.3 per cent for both the years, saying its GDP will now grow respectively at the rate of 7 and 7.2 per cent reflecting a weaker-than-expected outlook for domestic demand.
Published On: Sep 13, 2019