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India’s GDP growth ‘much weaker’ than expected: IMF

Growth of gross value added (GVA) in manufacturing also nosedived to 0.6% in Q1FY20, compared with a rather strong 12.1% in the year-ago quarter and 3.1% in Q4FY19.

Various domestic and foreign analysts have trimmed their India forecasts for the current fiscal, with some pegging it at below 6.5%. (Reuters)

India’s economic growth is “much weaker” than expected, thanks to corporate and environmental regulatory uncertainty and weaknesses in the shadow-banking sector, the International Monetary Fund has said, reinforcing fears of a protracted slowdown.

The country’s GDP growth hit a 25-quarter low of 5% in ...

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