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Ind-Ra cuts GDP growth rate in FY20

Ind-Ra cuts GDP growth rate in FY20

India Ratings & Research has revised its projection of India's GDP growth to 6.7% in FY 2019-20.

It has brought down the GDP growth rate from 7.3% to 6.7%.

According to India Ratings and Research (Ind-Ra), the Indian economy will grow at a rate of 7.5% in 2019-20 and growth will be more dispersed and evenly balanced.