IMF projects India’s growth at 7.3% in 2018

IMF projects India’s growth at 7.3% in 2018
News
1. IMF projects India to grow at 7.3% in 2018 and 7.4% in 2019.
Important facts:

International Monetary Fund

• IMF is an international organization consisting of 189 member countries.
• It is headquartered in Washington, D.C.
• It is  working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

World Economic Outlook

• The World Economic Outlook (WEO) is a survey conducted and published by the International Monetary Fund.
• It is published biannually.
• It portrays the world economy in the near and medium context, with projections for up to four years into the future.
  1. India had registered 6.7% growth rate in 2017.
  3. India’s medium-term growth remains strong benefitting from the ongoing structural reforms like GST, the inflation-targeting framework, the Insolvency and Bankruptcy code, steps to liberalise foreign investment and improvement in ease of doing ranking.