IMF Says India's Growth Much Weaker Than Expected

In a latest press briefing, Gerry Rice, Director of the Communication Department at the International Monetary Fund (IMF), said that the latest GDP figures reflect a slow growth rate for India. The recent economic growth in India is much weaker than expected, mainly due to corporate and environmental regulatory uncertainty and lingering weakness in some non-Bank financial companies and risks to the outlook are tilted to the downside.

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