IMF retains India’s GDP forecast for 2017 at 7.5 %

http://www.microstat.in/index.php/imf-retains-indias-gdp-forecast-for-2017-at-7-5/

The International Monetary Fund (IMF) today kept India’s growth projection unchanged at 7.3 per cent in the current fiscal and 7.5 per cent in the next, even as it cut world economic outlook to 3.4 per cent for 2016.

In its update on World Economic Outlook (WEO), IMF said China’s growth would slow to 6.3 per cent in 2016 and further to 6 per cent in 2017, but India would continue to grow at a “robust pace“.

“India and the rest of emerging Asia are generally projected to continue growing at a robust pace, with some countries facing strong headwinds from China’s economic rebalancing and global manufacturing weakness,” IMF said.......................................................................................................