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Showing posts from February 19, 2017
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Reports on India to be fastest growing economyFebruary 25, 2017 IMF has said that the Indian economy is in fairly good shape, and it is likely to be less affected than other emerging economies if there is a further shock to the global economy. Paul A Cashin, Assistant Director in the IMF’s Asia & Pacific Department, and mission chief of India, said this is because India has an inward domestically demand-oriented economy. The International Monetary Fund had, earlier this week, in its annual report, forecast India’s growth to slow to 6.6 per cent in the 2016-17 fiscal due to temporary disruptions caused by demonetisation. But the IMF added that economic growth will bounce back to its expected growth of more than 8 per cent in the next few years. Cashin also said India is in a much better fiscal position than it was, and also much better in terms of its monetary framework and monetary policy. International rating agency Moody’s Investors Service has predicted that India will be the f…
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