IMF: India’s FY22 growth forecast cut to 9.5%, 300 bps lower t | stock market

IMF: India’s FY22 growth forecast cut to 9.5%, 300 bps lower than April projection.

Growth prospects downgraded due to expected slow recovery in confidence from Covid 2.0 setback.

Countries lagging in vaccination, incl India, would suffer most among G20 economies.