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IMF has recently, in January 2020, lowered the GDP forecast of India for that year due to which of the following factors?

1. NBFC
2. Dip in rural demand
3. Dip in urban demand
4. Both a & b

Correct answer: Both a & b

Solution

In January 2020, the IMF lowered India's GDP forecast citing weakness in the economy due to NBFC-related stress and a dip in rural demand. Since both factors were mentioned, the correct answer is 'Both a & b'.

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