NEW DELHI: The International Monetary Fund kept its forecast on India’s gross domestic product growth in the current financial year started April unchanged at 5.4% and added that economic expansion appeared to have bottomed out in the country. “In India, growth appears to have bottomed out, and activity is projected to pick up gradually after the post-election recovery in business sentiment, offsetting the effect of an unfavourable monsoon on agricultural growth,” theIMF said in its World Economic Outlook Update released on Thursday.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal