Monday, December 10 2018

July 16, 2018

India will stay fastest growing major economy in 2019 : IMF

India remains a key driver of global growth said IMF. International Monetary Fund said, India will still retain its top spot in the global growth league.Indias growth rate is expected to rise from 6.7 per cent in 2017 to 7.3 per cent in 2018 and 7.5 per cent in 2019, as drags from the currency exchange initiative and the introduction of the Goods and Services Tax fade.However, the World Economic Outlook forecast cut Indias GDP outlook one-tenth for this year to 7.3 per cent and three-tenths for next year to 7.5 per cent.