The International Monetary Fund (IMF) has stated that India is expected to grow at.....in 2018 and.....in 2019 and would re-emerge as one of the fastest growing major economies in the period.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The International Monetary Fund (IMF) has stated that India is expected to grow at____in 2018 and____in 2019 and would re-emerge as one of the fastest growing major economies in the period.

A	7.8% and 7.9%
B	7.1% and 7.5%
C	7.4% and 7.7%
D	7.4% and 7.8%

Explanation:

Detailed explanation-1: -The International Monetary Fund (IMF) had recently released its latest World Economic Outlook (WEO) update in Davos, Switzerland on the sidelines of the World Economic Forum. In it, Indias GDP growth forecast was projected to 7. 4% in 2018 and 7. 8% in 2019.

Detailed explanation-2: -The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.

Detailed explanation-3: -In the World Economic Outlook 2022 report, IMF said that India will be the fastest-growing large economy in the world.

Detailed explanation-4: -Growth is expected to moderate reflecting the less favorable outlook and tighter financial conditions. Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively.

There is 1 question to complete.