India to register a growth rate of 7.2% in 2015: IMF
The Dollar Business Bureau A day after a McKinsey report quoted that India will register 6.5% growth in 2016, the International Monetary Fund (IMF) forecasts a growth of 7.2% for 2014-15 and 7.5% for 2015-16, based on the recently revised GDP methodology. The Indian economy is reviving, helped by positive policy actions that have improved confidence and by lower global oil prices, says the IMF in its annual assessment of the Indian economy To continue on this trend, India needs to revitalize the investment cycle and accelerate structural reforms, says the report and adds, the Indian economy is the bright spot in the global landscape, becoming one of the fastest-growing big emerging market economies in the world. “Growth numbers ...
