Diabytes
India's growth projection News
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The latest IMF report lowered India's growth projection to 6.7 percent in 2017, 0.5 percentage points less than its previous two forecasts and attributed it to demonetisation and introduction of the GST.
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The World Bank, however, asserted that the country would regain momentum in the following years with 7.6 and 7.8 percent growth.
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Recession in Brazil and Russia and slowdown in China have made India the leading economy in terms of growth prospects for the first time this year.
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ADB on Thursday retained India's growth projection for the current fiscal at 7.8 percent, making it the fastest growing economy, but cautioned that delay in land and taxation reforms could hinder growth.
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