India's growth slowed sharply owing to stress in non-banking financial sector, weak rural income: IMF

Davos [Switzerland], Jan 20 (ANI): The downward revision primarily reflects negative surprises to economic activity in a few emerging market economies, notably India, which led to a reassessment of growth prospects over the next two years, said Gita Gopinath, Chief Economist, International Monetary Fund (IMF), here on Monday.