IMF, RBI cut India's growth forecast

摘要

Many regulatory agencies have cut India's growth forecast for 2012 owing to a host of factors like sluggish structural reforms, weak investment, poor business sentiment and an uncertain world economy. The Reserve Bank of India cut its GDP growth forecast for India this fiscal year to 5.8% from 6.5% previously while the International Monetary Fund (IMF) has further lowered its forecast to 4.9% from 6.1% previously.