IMF retains India's growth projections at 7.2%, ups China's

IMF has also maintained the same global economic growth rate at 3.5% in 2017

The International Monetary Fund (IMF) has retained India's economic growth projections at 7.2 per cent in 2017-18, up slightly from 7.1 per cent in the previous year. However, the growth would accelerate to 7.7 per cent in 2018-19, IMF said while also maintaining the growth rate level projected in April. 

India's economic growth slowed down to 7.1 per cent in 2016-17, sharply lower than 8 per cent in the previous year due to the effect of demonetisation. 

The growth rate clocked in 2015-16 will not be achieved even in 2018-19, according to projections made by the IMF in its overview