IMF Update On India's GDP Growth Prediction - 7.2% This Fiscal, 7.7% In 2018-2019 - News Summed Up

IMF Update On India's GDP Growth Prediction - 7.2% This Fiscal, 7.7% In 2018-2019


The International Monetary Fund has just released its latest update to predictions for India's economy. Keep removing the bottlenecks which prevent economic growth from happening:WASHINGTON: India's growth is expected to rebound to 7.2 per cent in the 2017-18 fiscal and 7.7 per cent in 2018-19 after disruptions caused by demonetisation, the IMF said today, while recommending the removal of long-standing structural bottlenecks to enhance market efficiency. As I've regularly noted around here that we concern ourselves over the monsoon is a sign of how poor India really still is. As the place gets richer fewer people will be in agriculture--as fewer people do agriculture India will become richer. But that's one of the things which will make India richer when it happens.


Source: Forbes May 09, 2017 07:52 UTC



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