World Bank Slashes India’s Growth Forecast To 6% For 2019-20, Warns Of Severe Economic Slowdown

INDIA Team Latestly| Oct 14, 2019 09:37 PM IST
A+
A-

The World Bank on Sunday, October 13 slashed its growth forecast for India’s current fiscal year to six percent. It has come down from 7.5 percent. This comes as a warning that severe slowdown could further weaken the country's financial sector. The World Bank said that the economy is expected to recover gradually, growing at 6.9 percent in the fiscal year 2020/21 starting April.

Tags:
GDP Gross domestic products India India's GDP Indian economy Recession Reserve Bank of India South Asia Economic Focus report South Asian economy World Bank
RELATED VIDEOS
Dehradun Road Accident: 6 Students Dead, 1 Critically Injured in Car-Truck Collision; Bodies Retrieved After Cutting Damaged Vehicle

Dehradun Road Accident: 6 Students Dead, 1 Critically Injured in Car-Truck Collision; Bodies Retrieved After Cutting Damaged Vehicle

2:17
Maharashtra Assembly Elections 2024: EC Officials Check Bags of Eknath Shinde, Devendra Fadnavis, Ajit Pawar After Uddhav Thackeray’s Criticism Over ‘Routine Check’

Maharashtra Assembly Elections 2024: EC Officials Check Bags of Eknath Shinde, Devendra Fadnavis, Ajit Pawar After Uddhav Thackeray’s Criticism Over ‘Routine Check’

2:18
Jharkhand Assembly Elections 2024: 64.86% Voter Turnout Recorded in First Phase of Polling

Jharkhand Assembly Elections 2024: 64.86% Voter Turnout Recorded in First Phase of Polling

2:08
Uddhav Thackeray Chopper Checking: EC Officials Inspect Shiv Sena (UBT) Leader’s Baggage in Helicopter Twice, Videos Surface

Uddhav Thackeray Chopper Checking: EC Officials Inspect Shiv Sena (UBT) Leader’s Baggage in Helicopter Twice, Videos Surface

2:20
No Halal Meals for Non-Muslim Passengers on Air India Flights, Airline To Serve Halal-Certified Food Only on Select Routes

No Halal Meals for Non-Muslim Passengers on Air India Flights, Airline To Serve Halal-Certified Food Only on Select Routes

2:10
Dry Days in Maharashtra in November 2024: Alcohol Will Not Be Sold for 5 Days at Liquor Shops, Bars, Restaurants and Pubs in Mumbai, Thane, Pune and Other Places

Dry Days in Maharashtra in November 2024: Alcohol Will Not Be Sold for 5 Days at Liquor Shops, Bars, Restaurants and Pubs in Mumbai, Thane, Pune and Other Places

1:41
Telangana: Woman Escapes Death After Getting Stuck Under Truck in Huzurabad, Union Minister Bandi Sanjay Leads Successful Rescue Efforts

Telangana: Woman Escapes Death After Getting Stuck Under Truck in Huzurabad, Union Minister Bandi Sanjay Leads Successful Rescue Efforts

1:59
S Jaishankar Opens About How Is PM Narendra Modi as a Boss? External Affairs Minister Says ‘You Need To Be Fully Prepared for Discussions’

S Jaishankar Opens About How Is PM Narendra Modi as a Boss? External Affairs Minister Says ‘You Need To Be Fully Prepared for Discussions’

2:10

Short Videos
Google Trends Google Trends
Italy vs France
20K+ searches
Today's Trends
  • INR
  • USD
  • EUR
View all
City Petrol Diesel
New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
Currency Price Change

Editor's Choice

Trending Topics
Virat KohliRohit SharmaNarendra ModiSalman KhanDiwali 2024DhanterasBhool Bhulaiyaa 3Singham AgainBigg Boss 18India National Cricket TeamPakistan vs EnglandHalloweenPro Kabaddi League
Close
Latestly whatsapp channel