'IMF India Growth Forecast Achievable, Growth Drivers To Prevail'

- Salil Panchal

THE INTERNATIONAL 

Monetary Fund (IMF), in late January, projected that India’s Gross Domestic Product (GDP) will grow at 7.4 percent in FY19 and 7.8 percent in FY20 in its World Economic Outlook update. This will make India the fastest growing world economy as China, during the same period, is expected to grow at 6.8 percent in FY19 and 6.4 percent in the next fiscal.

Economists in India are equally bullish about the pace of growth over the next 12 to 18 months and believe that the IMF forecast is achievable.