IMF lowers India’s growth outlook for FY20

The International Monetary Fund has lowered its annual growth forecast for India from 7.3% to 7% in financial year 2019-20. The IMF’s stance reflects a weaker-than-expected outlook for domestic demand.

Static/Current Takeaways Important For SBI Clerk Mains:

  • Acting MD of IMF: David Lipton; Headquarters: Washington DC, USA.

Source: The Live Mint

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