IMF trims India's economic growth forecast to 7.3% in 2018, 7.5% in 2019

India's economy grew at a four-year-low of 6.7 per cent in 2017-18

The International Monetary Fund (IMF) has trimmed India’s growth projection by 0.1 percentage point for 2018-19 owing to high oil prices and a tight monetary policy regime.

The effect of the twin headwinds on the IMF's projection for 2019-20 was much sharper — 0.3 percentage points.  

Now, the IMF has forecast India will grow by 7.3 per cent in 2018-19 against the earlier estimate of 7.4 per cent. The economy was projected to grow 7.8 per cent by 2019-20 by the Fund earlier, but now the projection stood at 7.5 per cent, according to the World Economic Outlook (WEO) Update,