IMF: In­dia GDP growth weaker than ex­pected

The Times of India (New Delhi edition) - - Times Sport -

In­dia’s eco­nomic growth was much weaker than ex­pected and risks to the out­look for the coun­try are tilted to the down­side, the In­ter­na­tional Mon­e­tary Fund (IMF) has said.

Lat­est data showed that eco­nomic growth slumped to an over six-year low in the April-June quar­ter, trig­ger­ing wor­ries about the

health of the econ­omy.

“Re­cent growth in In­dia was much weaker than ex­pected, mainly due to cor­po­rate and en­vi­ron­men­tal reg­u­la­tory un­cer­tainty and lin­ger­ing weak­nesses in some non-bank fi­nan­cial com­pa­nies,” Gerry Rice, di­rec­tor of IMF’s com­mu­ni­ca­tions depart­ment, said. “We will be mon­i­tor­ing that.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.