India's eco growth is 'much weaker' than expected: IMF

The International Monetary Fund (IMF) on Thursday said that India's economic growth is "much weaker" than expected due to corporate and environmental regulatory uncertainty and "lingering weakness" in some non-Bank financial companies. The IMF has cut its projection for India's economic growth by 0.3 percentage points to 7% for the fiscal year 2019-20.

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