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Economy

IMF cuts India's GDP growth to 6.7% in 2017

But economy expected to accelerate again in 2018

Impact from the rollout of the complicated goods and services tax is still being felt in India: Traders hold placards bearing anti-GST messages in Ahmedabad, India in July.   © Reuters

MUMBAI/NEW DELHI -- The International Monetary Fund on Tuesday said that it expects India's economy to grow by 6.7% in 2017, slower than the 7.2% it had forecast in April, due to the lingering impact of the government's sudden demonetization last year and a newly introduced goods and services tax.

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