IMF cuts India’s FY17 growth forecast by 1 percentage point to 6.6%.

In India, the growth forecast for the current (2016–17) and next fiscal year were trimmed by one percentage point and 0.4 percentage point, respectively, primarily due to the temporary negative consumption shock induced by cash shortages and payment disruptions associated with the recent currency note withdrawal and exchange initiative

Source – World Economic Report 2017

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