Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance Global

India’s GDP to Grow by 7%, ahead of China: Christine Lagarde, IMF Cheif

author-image
SMEStreet Desk
30 Sep 2016 04:06 IST

Follow Us

New Update
Christine Lagarde, IMF

 

International Monetary Fund chief Christine Lagarde said India’s Gross Domestic Product will grow by more than 7.0 per cent in 2016.

NEW DELHI: The IMF chief said that India’s GDP will grow by more than 7.0 per cent in 2016, while China’s will grow at around 6.0 per cent.

However, the institution retained India’s growth projection for the next two years at 7.3 per cent and 7.5 per cent, according to a news agency report.

“We continue to face the problem of global growth being too low for too long, benefiting too few,” Lagarde said.

The nations should instead adopt policies to retrain those displaced by automation processes as well as invest more in education, infrastructure and efficiency reforms to boost the economic growth, she said.

Lagarde’s remarks come ahead of the annual summit of the IMF and the World Bank in October.

Discussions on global economic events and forces are expected to take place at the annual meeting of the global financial institutions.

The IMF will also release its World Economic Outlook, which provides an analysis of the current state of the global economy, next week.

In July, it had cut its forecast for global growth by 0.1 per cent, citing an increase in political and institutional uncertainty following the Brexit vote.

IMF Brexit
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!