India’s growth projected to bounce back in 2018: IMF

India’s growth projected to bounce back in 2018: IMF

The IMF on Friday said that post demonetisation, India’s growth is projected to rebound to 7.2 per cent in fiscal year 2018 and further to 7.7 per cent the next year.

“In lndia, the temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017,” Changyong Rhee, Director of the Asia and Pacific Department of the International Monetary Fund (IMF) told reporters on the sidelines of the annual Spring Meeting of the IMF and the World Bank. Read more

Credits: business-standard.com

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