Get latest articles and stories on World at LatestLY. The IMF on Tuesday cut India's economic growth forecast by 0.5 percentage points to 9 per cent for the current fiscal year, with its Chief Economist Gita Gopinath saying that the slight downgrade is mainly due to the impact of the spread of the Omicron variant. World News | Slight Downgrade in India's Economic Forecast Due to Omicron: IMF's Gopinath.