India’s growth for FY20 is 5%: World Bank

On Wednesday, the World Bank stated India’s growth to be 5% for the financial year 2020. It had earlier estimated it to be 6%.  It came a day after the Central Statistics Office (CSO) of the country declared the growth at 5% in the current financial year. It is the lowest in 11 years. The Global Economic Prospects report by World Bank released on Wednesday. As per the report, the main cause for the downgrade is the weakness in credi....