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Top headlines: IMF cuts India's FY22 GDP forecast; IndiGo Q1 loss widens

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(Photo: Bloomberg)

BS Web Team New Delhi
IMF slashes India's economic growth forecast for FY22 to 9.5%

The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India to 9.5 per cent for the fiscal year to March 31, 2022 as the onset of a severe second COVID-19 wave cut into recovery momentum.

This forecast for 2021-22 is lower than