IMF Retains India’s Growth Forecast At 7.2% For FY 18
April 20th, 2017
India is pegged to be the fastest growing economy in the World in 2017-18 and will be a key driver for Global growth, according to the International Monetary Fund (IMF). Retaining its growth forecast of 7.2 percent for India for the fiscal year, the IMF, in its World Economic outlook, also estimated that India would grow at 7.7 percent in 2018-19. It has pegged world output at 3.5 percent in 2017, rising marginally to 3.6 percent in 2018. By 2022 it estimates global growth to rise to 3.8 per cent.