IMF revises growth forecast, India to grow at 7.7% in 2017-18
The Dollar Business Bureau The International Monetary Fund (IMF) said on Tuesday that the economic growth of India is likely to rebound to 7.2% in the current fiscal of 2017-18 and 7.7% in the next fiscal of 2018-19 after the disruptions caused due to demonetisation, whereas it recommends the elimination of long-standing structural bottlenecks to increase market efficiency. The disruptions (majorly to consumption in private sector) caused due to shortage of cash post demonetisation, accompanying the initiative on currency exchange are likely to slowly dissipate this year as shortage of cash would ease, the IMF said in its report on regional economic outlook. Such type of disruptions would also be dissipated on account of a good monsoon season and sustained progress in resolving ...
Current corporate, PSB scenario could hit Indias economic growth: IMF
India has clocked a 7.3% GDP growth rate so far during this financial year, and IMF has projected it to grow at 7.5% in the financial year 2016-17, making it the world’s fastest growing economy in 2016-17 The Dollar Business Bureau CRISIL revised outlook of five nationalised banks - Andhra Bank, BOB, Canara Bank, PNB and Punjab & Sind Bank - from ‘stable’ to ‘negative’ International Monetary Fund (IMF) on Thursday cautioned India of its current corporate financial position and public bank asset quality and said it could pose risk to the country’s economic recovery, even though the country is well placed among the world’s leading emerging markets. “Vulnerabilities in corporate financial positions and in public bank asset quality could ...
