Question
What is growth forecast for India by International
Monetary Fund (IMF) for the year 2018?Solution
As per International Monetary Fund (IMF)’s forecast, India will grow at 7.4% of GDP in 2018. 6.5% is the India's growth rate in the FY 2017-18 as per the estimate of Central Statistical Organization (CSO). 7.1% was India's growth rate in FY 2016-17. World Bank's projection for 2017-18 is 7.3%. Asian Development Bank's projection- 7.4%.
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