You are here: Home » PTI Stories » National » News
Business Standard

India, China important engines of regional and global economic growth: IMF

Press Trust of India  |  Washington 

and have been important engines of regional and global economic growth, a top of (IMF) said today, noting that a strong economic partnership between the two Asian giants would be beneficial.

"For the past several years, and have been important engines of regional and global economic growth. In 2017, and were responsible for almost half of global growth," Tao Zhang, IMF Deputy Managing Director, told in an interview ahead of his visit to India.

The IMF, he said, strongly believes that the world benefits if individual countries implement sound stability-oriented macroeconomic policies and reduce barriers to trade and investment.

"A strong economic partnership between India and China would be beneficial, and their collaboration is welcome. The and summits are good examples," Zhang said when asked about the impact these two economies collectively have on the global

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

First Published: Sun, March 11 2018. 10:25 IST
RECOMMENDED FOR YOU