Home Banking and Economy BofAML cuts India’s GDP growth forecast to 5.8%

BofAML cuts India’s GDP growth forecast to 5.8%

by sushantoberoi
  • Bank of America Merrill Lynch (BofAML) has predicted India’s GDP growth rate for 2019- 20(FY20) at 5.8%.
  • Earlier it was predicted at 6.1%.
  • The reduction in the GDP growth rate has been done by BofAML due to less demand during the festive time of Diwali

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