India to surpass Chinas economic growth rate in 2016: IMF
Sai Nikesh D | The Dollar Business Terming the newly formed Indian government- National Democratic Alliance’s (NDA) reforms as promising, the IMF report said that India’s growth rate is expected to grow at 6.3 per cent in 2015 and 6.5 per cent in 2016. With this increasing growth rate, India will likely cross China’s projected growth rate in 2016, the report said, insisting on the implementation of reforms as a key factor. “I think the reform plans of the new Prime Minister of India are promising. We are going to have to see the speed of the implementation,” said Gian Maria Milesi-Ferretti, Deputy Director, in IMF’s Research Department, according to the sources. Responding to a question, the IMF official ...
