IMF retains India’s FY20 GDP growth rate forecast at 6.1%: Indian Economy

IMF retains India’s FY20 GDP growth rate forecast at 6.1%: Indian Economy

IMF retains India’s FY20 GDP growth rate forecast at 6.1%: Indian Economy

Indian Economy: The International Monetary Fund (IMF) has retained India’s economic growth forecast at 6.1% for FY20.

IMF’s projection, given in its much-awaited country report on India under Article IV of the Fund, the report was released in Washington, United States (US).

IMF forecast is much higher than by most agencies. For example, the Reserve Bank of India’s (RBI) latest projection pegged the growth at 5%, Standard & Poor’s at 5.1%, Moody’s at 4.9% and Fitch’ at 4.6% for the current financial year.

Also Read: Fitch cuts India’s FY-20 GDP growth forecast to 4.6 % from 5.6%