Growth in India is projected to 'decelerate' to 5% in 2019-2020: World Bank

The World Bank has projected a 5% growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8% in the following financial year. The World Bank said tighter credit conditions in non-banking sector are contributing to a substantial weakening of the domestic demand in India.

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