IMF Lowers India Growth Estimate For 2019 To 4.9 Per Cent

International Monetary Fund IMF on Monday lowered India's growth estimate for 2019 to 4.9 per cent. The IMF, however, said that the economic growth of the country will improve in 2020 and 2021. The growth will improve to 5.8 per cent in 2020 and then 6.5 per cent in 2021. The IMF also revised downwards the growth outlook for the global economy and flagged fundamental issues of reform in trade systems.