India’s growth is expected to rebound to 7.2 percent in the 2017-18 fiscal and 7.7 percent in 2018-19 after disruptions caused by demonetization, as per the IMF (International Monetary Fund) report.
According to the report, growth in Asia is forecast to accelerate to 5.5 percent in 2017 from 5.3 percent in 2016. Growth in China and Japan is revised upward for 2017 compared to the October 2016 World Economic Outlook.
Important Takeaways from above News for SBI PO Exam-
- India to grow at 7.7 percent in 2018-19 according to IMF report
- Created in 1945, the IMF is governed by and accountable to the 189 countries
- IMF is Headquartered in Washington, D.C.
- Managing Director of IMF is Christine Lagarde.
Source- The Economic Times
If you have any other takeaways, do share with us in the comment section