You are here: Home » News-CM » Economy » News
Business Standard

India's Economy Expected To Clock Growth Of 7.3% In 2018 Says IMF

Capital Market 

India's growth is expected to increase to 7.3% in 2018 and to 7.4% in 2019 (slightly lower than in the April 2018 (WEO) for 2019, given the recent increase in and the tightening of global financial conditions), up from 6.7% in 2017, the (IMF) said in its latest report. This acceleration reflected a rebound from transitory shocks (the currency exchange initiative and implementation of the national Goods and Services Tax), with strengthening investment and robust private consumption.

India's medium-term growth prospects remain strong at 7.75%, benefiting from ongoing structural reform, but have been marked down by just under 50 percentage point relative to the April 2018 WEO, the fund noted. If projections are true, then would likely retain the tag of fastest growing major economies of the world.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 12:34 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU