IMF cuts India’s growth rate to 4.8% citing slowdown in local demand, stress in NBFC sector
United Nations had also cut down India's growth estimate for Financial Year 2020 to 5 per cent from 5.7 per cent.
United Nations had also cut down India's growth estimate for Financial Year 2020 to 5 per cent from 5.7 per cent.
In September, RBI said it will ease SLR norms from October to induce liquidity into the financial system amid concerns of a credit crunch.
