India to notch up to 7.5 % growth In 2016–17 : IMF

Posted on:13 Apr 2016 13:36:55
India to notch up to 7.5 % growth In 2016–17 : IMF
13 April 2016 Current Affairs:

International Monetary Fund (IMF) has declared the India's growth is projected to notch up to 7.5% in 2016-17.  And as per IMF prediction India will overtake the China's GDP by more than 1%. These growth in India is driven by private consumption as well as by increased industrial activity.In recent World Economic Outlook report IMF said that they are retaining India's last October forecast because recovery of private investment is expected to further strengthen growth. It also said that growth will continue to be driven by private consumption, which has benefited from lower energy prices and higher real incomes.The WEO report also stated that monetary conditions remain consistent with achieving the inflation target of 5 per cent in the first half of 2017, although an unfavorable monsoon and an expected public sector wage increase pose upside risks. It also made a way for Fiscal consolidation to continue underpinned by revenue reforms and further reductions in subsidies. The report also stated that in power sector Sustaining strong growth over the medium term will require labour market reforms and dismantling of infrastructure bottlenecks.

International Monetary Fund (IMF) has declared the India's growth is projected to notch up to 7.5% in 2016-17.  And as per IMF prediction India will overtake the China's GDP by more than 1%. These growth in India is driven by private consumption as well as by increased industrial activity.In recent World Economic Outlook report IMF said that they are retaining India's last October forecast because recovery of private investment is expected to further strengthen growth. It also said that growth will continue to be driven by private consumption, which has benefited from lower energy prices and higher real incomes.The WEO report also stated that monetary conditions remain consistent with achieving the inflation target of 5 per cent in the first half of 2017, although an unfavorable monsoon and an expected public sector wage increase pose upside risks. It also made a way for Fiscal consolidation to continue underpinned by revenue reforms and further reductions in subsidies. The report also stated that in power sector Sustaining strong growth over the medium term will require labour market reforms and dismantling of infrastructure bottlenecks.


Daily Current Affairs Videos Video Link
20th April 2019 Current Affairs Video
19th April 2019 Current Affairs Video
17th April 2019 Current Affairs Video
16th April 2019 Current Affairs Video
15th April 2019 Current Affairs Video
Watch more Current Affairs Videos

Monthly Current Affairs

Fresherslive telegram Group

Current Affairs Section

Daily Current Affairs Quiz


Subscribe to Current Affairs

Enter your email to get daily current affairs
SUBSCRIBE

Currentt Affairs 2019 April

20 APRIL
NEWS
19 APRIL
NEWS
18 APRIL
NEWS

Currentt Affairs 2019 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Currentt Affairs 2019 February

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS




×

₹ 250

₹ 1000

Only 14 days left !