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According to International Monetary Fund (IMF) update, Indian economy will grow at _____% in FY 2018-19?
  • a)
    7.1%
  • b)
    7.2%
  • c)
    7.3%
  • d)
    7.4%
  • e)
    7.5%
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
According to International Monetary Fund (IMF) update, Indian economy ...
In its January 2018 update of the World Economic Outlook: Brighter Prospects, Optimistic Markets, Challenges Ahead, International Monetary Fund (IMF) stated that Indian economy will grow at 7.4% in FY 2018-19. It is to be noted that in FY 2017-18, India lost its fastest growing economy tag to China owing to slowdown caused by demonetisation and the rollout of Goods and Services Tax (GST). However, IMF has forecasted that in FY 2018-19, India will reclaim fastest growing economy tag as China’s growth will slip to 6.6% against India’s 7.4%. For Global economic growth in current year, IMF has revised its forecast to 3.9%, faster than 3.7% forecast earlier in October 2017.
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Most Upvoted Answer
According to International Monetary Fund (IMF) update, Indian economy ...
7:1./.
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According to International Monetary Fund (IMF) update, Indian economy will grow at _____% in FY 2018-19?a)7.1%b)7.2%c)7.3%d)7.4%e)7.5%Correct answer is option 'D'. Can you explain this answer?
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