World Bank Cuts India's Growth Forecast To 6%, Warns Of "Severe" Slowdown

The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6 percent, down from 7.5 percent, warning that the "severe" slowdown could further weaken the country's stuttering financial sector. In its last forecast in April, the bank had said that India's economic outlook was strong and expected growth of 7.5 percent during the curren more