The International Monetary Fund (IMF) has said India would continue to grow at a robust pace even as it cut the global growth forecast to 3.4 per cent for 2016. In its update on World Economic Outlook, the IMF kept India's growth projection unchanged at 7.3 per cent in the current fiscal and 7.5 per cent in the next. However, the neighbour China's growth would slow to 6.3 per cent in 2016 and further to 6 per cent in 2017, said the global economy's watchdog in its update. IMF said, the risks to the global outlook remain tilted to the downside. These risks relate to ongoing adjustments in the global economy, that include a generalised slowdown in emerging market economies, China's re-balancing, lower commodity prices, and the gradual exit from extraordinarily accommodating monetary conditions in the United States.
News On AIR | January 20, 2016 7:56 AM
IMF retains India's economic growth forecast at 7.3% for current fiscal