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

Weekly Current Affairs One Liners 08th to 14th December 2025

Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…

8 hours ago

Which Indian City is Known as the Footwear City?

India has many cities that are famous for their unique industries, and some of them…

1 day ago

Which Desert is known as the Cold Desert?

Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…

1 day ago

Top-10 News Media Companies in the World, Check the List

In today’s world, news media plays a very important role in sharing information quickly and…

1 day ago

PNB Housing Finance Appoints Ajai Kumar Shukla as New MD & CEO

PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…

1 day ago

Department of Posts and BSE Sign MoU to Expand Mutual Fund Access Across India

In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…

1 day ago