The International Monetary Fund lowers India's growth forecast to 6.9% for this year,IMF's Asia-Pacific Regional Economic Outlook released today said . The lowered growth outlook in 2012 owesmuch to a slowdown of investment which partly reflectsstructural factors IMF called for renewed efforts to revive the flagging structural reform agenda. It also pointed out that domestic factors too have played a role in India's growth slowdown over the second half of 2011. However, the multilateral agency has retained India'sgrowth estimate at 7.3 per cent for 2013. As per the IMF, the national economy grew by 7.1 per cent last year.IMF also called for steps to improve investment climate,remove infrastructure bottlenecks and expand educationopportunities, thereby boosting reforms. On price rise, the multilateral agency stressed that fiscal consolidation is the key to containing inflationarypressures and creating space for priority development needs.