Indian economy to grow 5.6% this year: IMF
It said Indian economy will expand by 6.4 per cent in 2015.
According to the IMF website, it has forecast a global growth to average 3.3 percent in 2014―unchanged from 2013―and to rise to 3.8 percent in 2015.
Olivier Blanchard, Economic Counsellor and head of the IMF’s Research Department was quoted as saying by the website: "In advanced economies, the legacies of the precrisis boom and the subsequent recession, notably high debt burdens and unemployment, still cast a shadow on the recovery, and low potential growth ahead is a concern.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
