IMF: India is the fastest growing major economy in the world

The International Monetary Fund (IMF) forecasts that the Indian economy will reach a growth rate of 7.5% in 2020. The IMF assesses that this South Asian nation continues to be the largest economy with the fastest growth in the world. The IMF provides these forecasts based on the assessment that investment and consumer spending have been in a period of strong recovery, in the context of the Indian Government adopting an open monetary policy stance broader as well as favorable financial policies, thereby helping create momentum for the economy. In 2018, India’s economic growth reached 7.1%, compared with 6.6% of […]

The Economics in India

The Economics in India

The Republic of India is one of the most resistant countries in the history. As a country that originated from conflicts and fights for territory, India resulted in a multilingual and multi-ethnic country that defies all odds to grow and thrive. Formerly a country that was ruled by the British, India faced a rapid development of infrastructure, economic decline and social problems, such as major famines. However, years later, India is one of the fastest-growing major economies countries in the world. Currently the sixth largest economy by nominal GDP (Gross Domestic Product) and the third largest by PPP (Purchasing Power […]