Washington: Businesses here are worried about the economic slowdown in India. Despite all efforts, the government has not been able to deal with it yet. The slowdown in the global economy is also being considered behind this. The new Chief of the International Monetary Fund, IMF, Kristalina Georgieva, said that these days the economy of the whole world is going through a phase of lethargy. According to Georgieva, there is every possibility that the growth rate of the global economy will fall to the lowest level of the decade. According to IMF MD, its impact on countries like India is clearly visible.

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In the first quarter of the financial year 2019-20, India's economic growth rate was five percent. Recently, the RBI has reduced the growth rate for the current financial year from 6.9 to 6.1 percent. All efforts are being made by the government and RBI to curb the declining growth rate.

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IMF has cut the growth rate of the Indian economy by 0.30 percent for the financial year 2019-20. The IMF has now estimated the growth rate to be 7 percent. According to experts, this has been done due to the decrease in domestic demand. The slowdown in the global economy is also considered as a trade war between China and the US.

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