The International Monetary Fund (IMF) has stated that India is expected to grow at 7.4% in 2018 and 7.8% in 2019 and would re-emerge as one of the fastest growing major economies in the period.
The IMF explained this is due to the strong private consumption as well as fading transitory effects of the currency exchange initiative and implementation of the national goods and services tax. According to the IMF, India will leave its nearest rival China which will grow at 6.6 in 2018 and 6.4% in 2019.
Source- AIR World Service
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Managing Director of IMF- Christine Lagarde, Headquarters in- Washington DC, USA.