IMF calls for 'urgent' action by India amid slowdown

Declining consumption and investment, and falling tax revenue, have combined with other factors to put the brakes on one of the fastest growing economies in the world, the IMF said in its annual review. After lifting millions out of poverty "India is now in the midst of a significant economic slowdown," Ranil Salgado told reporters.

from Economy-News-Economic Times https://ift.tt/2rn7tAV