New Delhi: The International Monetary Fund (IMF) on Tuesday lowered India's growth rate (GDP) by three percent in its forecast. Other Asian economies have also suffered a decline. In its World Economic Outlook (WEO) update, the International Monetary Fund (IMF) has said that Asia will grow at 7.5 percent this year. This is 1.1 percent lower than the forecast released in April.

It's the most whipped up on Asian economies. The growth rate of emerging economies across the world has been reduced by 0.4 percent. In a statement, IMF said, 'India's growth forecast has been reduced due to the coronavirus wave between March and May, as confidence in the economy's return to track has been hurt.'  IMF said there are similar situations in other ASEAN-5 group countries where the latest waves of the coronary epidemic have taken a big toll.

According to new data, India's growth rate is projected at 9.5 percent, down 3 percent from the previous estimate. ASEAN-5, which includes Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, will grow at an estimated 4.3 percent, down 0.6 percent from the first. On the other hand, China's growth rate has been cut by 0.3 to 8.1 percent. The main reason for this is attributed to a decline in public investment.

The journey towards a healthy life begins inside the water storage tanks.

Good News: Petrol-Diesel prices steady again, know today's price

Cloudburst hit in Himachal Pradesh, 10 people missing in flash floods in Lahaul-Spiti