IMF maintains India's FY19 growth at 7.4%; cautions govt on fiscal deficit

Projected to overtake China to be fastest-growing large economy again

The International Monetary Fund (IMF) has maintained its forecast for India’s economic growth at 7.4% in 2018-19, which will again make the country the fastest-growing large economy after losing this tag to China by a close margin in 2017-18. For 2019-20, the IMF has projected India to grow at 7.8%.  By comparison, the Chinese economy is expected to slow down to 6.4% in 2019, down from 6.6% in 2018.  

India is likely to have grown 6.7% in 2017-18, the IMF said. In fact, the IMF projection for 2017-18 is a tad higher than 6.6%, pegged by the second Advance