17 January 2017

IMF slashes India’s growth forecast to 6.6% from 7.6%

IMF slashes India’s growth forecast to 6.6% from 7.6%

The International Monetary Fund (IMF) on Monday cut India's economic growth estimate for 2016-17 to 6.6% from its earlier projection of 7.6% due to the impact of the government's move to scrap some high value currency notes in early November.