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

Team Latestly Oct 14, 2019 09:37 PM IST

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.

(The above story first appeared on LatestLY on Oct 14, 2019 09:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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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

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