IMF lowers India’s growth forecast to 6.9 per cent

The International Monetary Fund (IMF) has revised their forecast on India’s growth. In January this year, IMF pegged Indian economic growth to expand 7 per cent for this year. “In India, the lowered growth outlook in 2012 owes much to a slowdown of investment which partly reflects structural factors,” the multilateral agency said.

Cautioning that governance concerns have weakened business sentiment in the country, the IMF lowered India’s growth projection to 6.9 per cent for 2012.

One thought on “IMF lowers India’s growth forecast to 6.9 per cent

  1. Can you tell what were the reason behind that Cuba left IMF?

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