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Feb 23, 2017
Demonetisation strains: IMF sees India's GDP slowing to 6.6% in FY17, bouncing back to 7.2% in FY18Post-8 November, cash shortages and payment disruptions caused by the currency exchange initiative have undermined consumption and business activity, posing a new challenge to sustaining the growth momentum, the IMF said in its annual country report on India.