January 9, 2020

‘Growth projected to ‘decelerate’ to 5% in FY 20′

By Azlyrics

The World Bank has projected a 5% growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8% in the following financial year. The World Bank said tighter credit conditions in non-banking sector are contributing to a substantial weakening of the domestic demand in India.