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India no longer fastest growing large economy following demonitisation: IMF

WASHINGTON: Modi government`s demonization policy has backfired on the Indian economy as the International Monetary Fund suggests that cancelling nearly 90% of cash in circulation coasted India the mantle of world’s fastest-growing large economy in 2016. In its World Economic Outlook report, IMF said that India’s growth slowed to 6.6% …

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