* While speaking at an event in Mumbai, the IMF chief economist also sounded doubtful about India achieving $5 trillion GDP target by FY25
* ‘If you look at recent incoming data, we would be revising our numbers,’ she said
Mumbai: The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India "significantly", its India-born chief economist Gita Gopinath said on Tuesday.
The Washington-based institution had come out with an estimate in October and will be reviewing the same next month in January, she said at the India Economic Conclave organised by Times Network.
A fall in consumption, lack of private investments and sluggish exports are being blamed for a slower GDP growth which slid to a six-year low of 4.5 per cent in September. The RBI and other watchers have done downward reviews of their growth forecast for India for FY2020.
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