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India's growth rate at 5.7% for 2019-20: UN report

Friday, January 17, 2020, 8:16 PM

The UN projects India's economy to grow by 5.7 per cent in the current fiscal year and expects it to rise to 6.6 per cent in the next. The projection in the UN's World Economic Situation and Prospects report released on Thursday are higher than the 5 per cent made by the World Bank earlier this month.
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Lower Consumption, Less Credit Led To Decline Of Growth To 5%: World Bank

Thursday, January 9, 2020, 8:57 PM

The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The US' growth is forecast to slow to 1.8 per cent this year, reflecting the negative impact of earlier tariff increases and elevated uncertainty.
 
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Govt likely to cut spending by Rs 2 lakh crore in current fiscal: Report

Wednesday, January 8, 2020, 8:20 AM

India's government is likely to cut spending for the current fiscal year by as much as Rs 2 lakh-crore as it faces one of the biggest tax shortfalls in recent years, three government sources said. Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.

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