According to the International Monetary Fund (IMF), India is projected to grow at 7.4% in 2018 as against China’s 6.8%, making it the fastest growing country among the emerging economies. Due to demonetisation and implementation of the Goods and Services Tax (GST), India’s economy slowed down a little bit to 6.7% in 2016.
In 2017, India’s growth rate dropped to 6.7%. In its latest World Economic Outlook update released in Davos, Switzerland on the sidelines of the World Economic Forum, the IMF has projected a 7.8% growth rate for India in 2019.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
- Managing Director of IMF- Christine Lagarde, Headquarters in- Washington DC, USA.
Source- AIR World Service