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IMF trims India GDP growth forecast for 2017 and 2018

Wed, Oct 11 2017, 01:55 PM

The International Monetary Fund lowered its economic growth forecast for India to 6.7% for 2017 (down by 0.5 percentage points projected in July) and 7.4% for 2018 (down 0.3 percentage points). However, it adds, structural reforms, including the goods and services tax, are expected to help the economy recover to cross 8% growth. It also lowered 2017 projections for China and ASEAN-5.