October 9, 2018

IMF projects India's growth at 7.3% in 2018, 7.4% next year

India is projected to grow at 7.3 per cent in 2018 and 7.4 per cent next year, the IMF said  in its latest report, predicting India to regain the tag of the world's fastest growing major economy this year, crossing China with more than 0.7 percentage points.

In 2017, India had clocked a 6.7 per cent growth rate. In India, important reforms have been implemented in the recent years, including the Goods and Services Tax (GST), the inflation-targeting framework, the Insolvency and Bankruptcy Code, and steps to liberalise foreign investment and make it easier to do business, the International Monetary Fund (IMF) said in its latest World Economic Outlook (WEO) report.

For the record, the IMF has lowered the growth projections for both India and China by 0.4 per cent and 0.32 per cent, respectively, from its annual April's WEO. Released in Bali during the annual meeting of the IMF and the World Bank, the IMF's flagship WEO said its 2019 growth projection for China is lower than in April, given the latest round of US tariffs on Chinese imports, as are its projections for India
Source~DD News

WBCS 2019 এর প্রস্তুতি শুরু করুন ফ্রীতে এই লিংকে ক্লিক করুন~https://bit.ly/2A0v4Zz

JOIN OUR TELEGRAM-https://t.me/WbcsAdda18

No comments:

Post a Comment