WION Dispatch: IMF: 'Slowdown in India is a drag on world economy'

Updated: Jan 21, 2020, 07:40 PM(IST)

The International Monetary Fund has slashed its estimate on India’s 2019 economic growth to 5.8% from the 6.1% expansion it projected in October, citing a sharper-than-expected slowdown in local demand and stress in the non-bank financial sector.

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