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World Bank Says India to Face Severe Economic Slowdown cuts; GDP Growth Forecast to 6%

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Economy, Growth, Slowdown, Recession, Unemployment, Vicious Cycle, GDP Estimate, GDP Presumption, GDP, GDP Growth, Fiscal Deficit, India, Asset Bubble, Banking, banking industry, banking risk, commercial mortgages, Crisis in India, FINANCE, Finance Ministry of India, growth, IL&FS, IMF, India, India Fiscal Deficit, Indian Banking Crisis, Indian Banking Industry, Indian Debt, Indian economy, Indian Financial Crisis, Indian Financial Industry, Indian Financial System, Indian GDP, Indian Government, micro finance, Modi government, Narendra Modi, NBFC, NBFC crisis, Nirmala Sitharaman, RBI, Reserve Bank of India, Rural Slowdown, shadow finance, stock market, Systemic Risk, World Bank

The World Bank has slashed India’s GDP growth forecast for the current fiscal to 6% from 7.5%. India’s economic slowdown is “severe,” largely due to external and cyclical factors, including a decline in consumption, the Washington-based institution said. Moreover, the financial sector is becoming a “drag” on growth. Earlier, the RBI and rating agency Moody’s […]

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