The International Monetary Fund (IMF) reaffirmed that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4% that rises to 7.8% in 2019 with medium-term prospects remaining positive, according to the IMF’s Asia and Pacific Regional Economic Outlook report.
As per the report, the consumer price increase in 2017 was 3.6% and projected it to be 5% in 2018 and 2019. After India, Bangladesh is projected to be the fastest-growing economy in South Asia with growth rates of 7% for 2018 and 2019. Sri Lanka is projected to grow at 4% in 2018 and 4.5 in 2019. Asia continues to be both the fastest-growing region in the world and the main engine of the world’s economy.
Source- The Economic Times
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Managing Director of IMF- Christine Lagarde, Headquarters in- Washington DC, USA.