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World Bank pegs India's growth for FY20 at 5%

World Bank pegs India's growth for FY20 at 5%

Thursday, January 9, 2020, 8:09 AM

The World Bank on Wednesday cut India's growth for financial year 2020 to 5% from 6% estimated earlier, a day after the country's statistics office pegged growth in the current financial year at 5%, the lowest in 11 years. The multilateral lender expects the country's growth to recover only slightly to 5.8% in the next fiscal year.
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