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IMF downgrades India’s growth forecast for 2020-2021

In the latest World Economic Outlook, the IMF makes the following observations on the Indian economy.

India’s growth is estimated at 4.8 percent in 2019, projected to improve to 5.8 percent in 2020 and 6.5 percent in 2021 (1.2 and 0.9 percentage point lower than in the October WEO), supported by monetary and fiscal stimulus as well as subdued oil prices.

Published by Yan

I am an Adjunct Professor, Griffith Asia Institute, Griffith University, Brisbane, Australia. I am also a former Chief, Labour Market and Employment Policies Branch, ILO, Geneva. I was educated as an economist at Manchester, Western Ontario and Cambridge. I am one of the founding editors of the Journal of Asia Pacific Economy (Routledge, London and New York).

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