IMF forecasts India’s GDP to grow at 7.3% in current fiscal

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The International Monetary Fund says India’s GDP is poised to grow by 7.3 per cent in the 2018-19 fiscal and 7.5 per cent in 2019-20 on strengthening of investment and robust private consumption.

IMF, in its latest projection, said the near-term macroeconomic outlook for India is broadly favourable.

It said, headline inflation is projected to rise to 5.2 per cent in the fiscal year 2018-19, as demand conditions tighten, along with the recent depreciation of the rupee and higher oil prices, housing rent allowances and agricultural minimum support prices.

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