IMF downgrades India’s Growth Forecast to 4.9%

TNI Bureau: The uncertain economic scenario in India has forced the International Monetary Fund (IMF) has reduced the country’s growth to 4.9 percent for 2012. In July, the IMF had predicted 6.1 GDP growth for India.

The IMF said that the major economies in Asia are at risk, as the crisis in euro zone and the United States still continues. The IMF has predicted a 7.8 percent growth for China in 2012.