IMF cuts India’s growth rate to 6.6% due to Demonetization

The International Monetary Fund (IMF) has cut India’s growth forecast for the current fiscal by one percentage point, citing demonetisation woes from 7.6% to 6.6%. It sees India ceding the tag of the world’s fastest growing major economy to China in FY17.

So, let’s discuss some questions related to this post:
Q1. Due to Demonetization how much IMF cut India’s growth from 7.6% to..?
Ans1. 6.6%
Source-The Hindu


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