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 […]