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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.
