India is projected to grow at 7,4 per cent in 2018 as against China’s 6,8 per cent, making it the fastest growing country among the emerging economies said IMF.Due to demonetisation and implementation of the GST, India’s economy slowed down a little bit to 6.7 per cent in 2016.India’s growth rate dropped to 6.7 per cent in 2017. In its latest World Economic Outlook update released yesterday in Davos, Switzerland on the sidelines of the World Economic Forum, the IMF has projected a 7.8 per cent growth rate for India in 2019.