Wednesday, October 11, 2017

IMF lowers India's GDP

 IMF has lowered India's growth projection to 6.7 per cent in 2017, half a  percentage points less than its previous two forecasts and slower than  China's 6.8 per cent, attributing it to demonetisation and introduction of the  GST.

 The International Monetary Fund  raised its current year growth forecast for  China to 6.8 percent, pushing the Communist giant above India at the top of  the global growth tally.

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