IMF Retains India’s Growth Forecast at 6.1% for FY20

IMF Retains India’s Growth Forecast at 6.1% for FY20

• The International Monetary Fund (IMF) in its latest report has retained India’s economic growth forecast at 6.1 percent for FY20.
• IMF’s projection is much higher than those by most agencies for FY20.
  • Reserve Bank of India: 5 percent
  • Standard & Poor’s : 5.1 percent
  • Moody’s : 4.9 percent
  • Fitch’ : 4.6 percent

Points to Remember:

Growth forecast of India for FY20 by IMF?