Shock for India, expected growth rate may be less but will be on the top in the world
Tuesday - July 17, 2018 11:39 am ,
Category : WTN SPECIAL
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India's growth rate is expected 7.3% in 2018 and 7.5% in 2019: International Monetary Fund
JULY 17 (WTN) - Due to high oil prices and strict monetary policy, the International Monetary Fund has reduced India's growth forecast for 2018 and 2019. IMF i.e. International Monetary Fund has reduced the growth projection of India by 0.1 percent to 7.3 percent for the year 2018. The same has been reduced from 0.3 percent to 7.5 percent for the year 2019.
Not only this, the International Monetary Fund has reduced India's economic growth rate from 7.5 percent to 7.3 percent in the current fiscal year. But despite this, India is still at the top of the world's fastest growth rate. It has been said in the report that Indian economy is recovering from the shadow of demonetization and GST.
Although the IMF underscored the growth rate of India, it is still estimated that India's growth is higher than that of China. According to the report, China's growth is expected to decline from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019.
JULY 17 (WTN) - Due to high oil prices and strict monetary policy, the International Monetary Fund has reduced India's growth forecast for 2018 and 2019. IMF i.e. International Monetary Fund has reduced the growth projection of India by 0.1 percent to 7.3 percent for the year 2018. The same has been reduced from 0.3 percent to 7.5 percent for the year 2019.
Not only this, the International Monetary Fund has reduced India's economic growth rate from 7.5 percent to 7.3 percent in the current fiscal year. But despite this, India is still at the top of the world's fastest growth rate. It has been said in the report that Indian economy is recovering from the shadow of demonetization and GST.
Although the IMF underscored the growth rate of India, it is still estimated that India's growth is higher than that of China. According to the report, China's growth is expected to decline from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019.
