New Delhi, April 23 -- India's GDP growth forecast for 2019-20 was lowered by multiple agencies recently. First, the ADB cut it to 7.2% from 7.6%. It was followed by the RBI's cut to 7.2% from 7.4% and then by the IMF to 7.3%. The economy grew 6.6% in the December quarter, the slowest in five quarters, which prompted the CSO to trim its 2018-19 forecast to 7% in February. These projections signal to the need of taking care of our growth momentum.
Meanwhile, while the government has consistently claimed that India's official GDP figures are accepted globally, the IMF Chief Economist recently expressed doubt over them. Previously, 108 economists expressed similar doubt. However, the IMF chief clearly welcomed the changes made to the GDP calc...