Noting that India remains the fastest-growing large economy in the world, the International Monetary Fund has retained its growth forecast for the country at 7.5 percent for this year. The IMF said, in its latest Regional Economic Outlook for Asia and the Pacific, that this growth momentum is expected to be underpinned by private consumption, which has benefited from lower energy prices.An incipient recovery in private investment is expected to help broaden the recovery. But the IMF also observed that weak exports and sluggish credit growth will weigh on the Indian economy. The IMF said, growth in Asia and the Pacific is expected to remain strong, at 5.3 per cent, this year and the next. But China and Japan continue to face challenges. China's growth is forecast to moderate from 6.9 per cent in 2015, to 6.5 per cent this year.