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IMF lowers India's economic growth projection

Tuesday - July 23, 2019 6:58 pm , Category : BUSINESS
New Delhi, July 23 (IANS) The International Monetary Fund (IMF) on Tuesday slightly lowered India's economic growth projection in 2019 to 7 per cent.
According to IMF's World Economic Outlook Update, India's economy is set to grow at 7 per cent in 2019, picking up to 7.2 per cent in 2020.
"The downward revision of 0.3 percentage point for both years reflects a weaker-than expected outlook for domestic demand," the update said on Tuesday.

--IANS rv/arm