On Tuesday, the International Monetary Fund (IMF) slashed India's economic growth to 1.9% for the current financial year. China's projected growth rate is 1.2 per cent. For 2021, India's growth rate is projected at 7.4 per cent, while that of China at 9.2 per cent. Globally, the bank said that economic growth is projected to recover 2.5% in 2020 from 2.4% in 2019. Also, the bank has noted that downside risk persists and it is likely to have an impact on the world's economic growth.

Source: dna April 14, 2020 14:37 UTC