October 18, 2019 8:59 AM

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Despite IMF's projections, India remains among fastest growing economies: FM

<span style="color: #222222;">Finance Minister Nirmala Sitharaman has said<b> </b>India remains among the fastest growing economies of the world and efforts are being made to make it grow faster. Speaking to the reporters in Washington, she said International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country's economy is still growing as the fastest.</span><br />'' <span style="color: #222222;">  </span><br />'' <span style="color: #222222;">Mrs Sitharaman said she is certainly not risking a comparison with China, even though the two countries growth rates have been projected at 6.1 per cent in a latest IMF report.  </span><br />'' <span style="color: #222222;">  </span><br />'' <span style="color: #222222;">She said the IMF in its latest projections reduced the growth rate for all the global economies. It reduced the growth for India too. But even with that India is still growing as the fastest growing economy.</span><br />'' <span style="color: #222222;">  </span><br />'' <span style="color: #222222;">As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook released on Tuesday, projected the country's growth rate at 6.1 per cent for 2019 and noted that the Indian economy is expected to pick up at 7 per cent in 2020. </span><br />'' <b><span style="color: #222222;">   </span></b><br />'' <span style="color: #222222;">Responding to a question on the status of the India-US trade deal currently been negotiated between the two countries she said there has been narrowing of trade differences between India and the US  and hoped the two countries will be able to enter into a trade deal soon.</span><br />'' <span style="color: #222222;">  </span><br />'' <span style="color: #222222;">Mrs Sitharaman is in Washington to attend the annual meeting of the IMF and the World Bank.</span><br />

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