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World Bank slashes India's growth forecast to 6% for this fiscal year

FILE PHOTO: Bird flies across central Mumbai's financial district skyline
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NEW DELHI (Reuters) - The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6%, down from 7.5%, warning that the "severe" slowdown could further weaken the country's stuttering financial sector.In its last forecast in April, the bank had said that India's economic outlook was strong and expected growth of 7.5% during the current fiscal year that began in April.But..
Date Published: Oct 13, 2019
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