IMF Redices India's GDP Expectation to 7 %

Washington,Jan,26:The IMF has cuts the India GDP forecast to 7% amid worsening global scenario particularly in euro zone.

IMF has cited in his report that Europe can see another considerable slowdown as debt issue is far from over and economies 17 unified currency zone will see significant contraction in 2012.

IMF has also reduced the China growth expectation but given stable outlook for US in 2012.