Categories: Economy

IMF has lowered India’s growth rate to 4.8% for FY 2019

The International Monetary Fund (IMF) has estimated India’s growth rate for the fiscal year 2019 as 4.8%. IMF has lowered India’s growth rate stating weak income growth in rural areas and the increasing stress in the non-bank financial sector. IMF has also projected India’s growth rate as 5.8% in 2020 and 6.5% in 2021.

Important takeaways for all competitive exams:

  • Managing Director of IMF: Kristalina Georgieva; Chief Economist: Gita Gopinath.
  • Headquarters: Washington DC, USA.

Find More News on Economy Here

Recent Posts

Who is the Richest Man in Asia in 2026? Check the List of Top-10 Richest Men of Asia

Asia is one of the fastest-growing regions in the world and is home to many…

1 hour ago

Third Edition of Future Warfare Course Launched in New Delhi

India has formally begun preparing its military leadership for the wars of the future. On…

2 hours ago

Sarvesh Ranjan Promoted to Chief General Manager at Union Bank of India

Union Bank of India has announced a key leadership change with the promotion of Shri…

2 hours ago

New Orchid Species Discovered in Kanthalloor, Kerala

India’s biodiversity has gained fresh attention after scientists discovered a new orchid species in Kerala’s…

2 hours ago

Adampur Airport Renamed Sri Guru Ravidas Maharaj Ji Airport

Punjab’s aviation map witnessed a symbolic and developmental shift on 2 February 2026. Prime Minister…

3 hours ago

Devika Sihag Wins Maiden BWF Super 300 Title at Thailand Masters

Indian badminton has a new rising star. Devika Sihag, a 20-year-old shuttler from Haryana, has…

3 hours ago