As per the latest report of IMF, what is the growth rate of India for the 2019?
Options
A. 7.1%
B. 7.2%
C. 7.3%
D. 7.4%
Correct Answer
7.4%
Explanation
As per the IMF's latest report, India is projected to grow at 7.3% in 2018 and 7.4% in 2019. The report predicted India to regain the tag of the world's fastest-growing major economy this year, crossing China with more than 0.7 percentage points. In China, growth is projected to moderate from 6.9 per cent in 2017 to 6.6% in 2018 and 6.2 % in 2019. In India, important reforms have been implemented in recent years, including the Goods and Services Tax (GST), the inflation-targeting framework, the Insolvency and Bankruptcy Code, and steps to liberalise foreign investment and make it easier to do business.
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