India is projected to grow at 7.5 % in 2019 and 7.7 % in 2020 : IMF

International Monetary Fund (IMF) said, ‘India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, an impressive over one percentage point ahead of China’s estimated growth of 6.2 per cent in these two years.’
The IMF in its January World Economy Outlook update on Monday said India would remain the fastest growing major economies of the world.
“India’s economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease,” the IMF said.
Despite fiscal stimulus that offsets some of the impact of higher US tariffs, China’s economy will slow down due to the combined influence of needed financial regulatory tightening and trade tensions with the US, the IMF said in its latest report.
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