A breakdown of the World Economic Outlook (WEO) released on October 13:

India’s economy faces a steep fall

Sharpest decline among major economies

India is the only major economy to see deterioration since June

Others also see equally deep decline for India

Deep cut: International Monetary Fund sees double-digit contraction for India

The International Monetary Fund (IMF)forecast a much deeper contraction for India in FY21 than estimated in its June review even as it raised the outlook for the global economy and most of the developed world.

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