IMF forecasts higher growth rate for India than China in 2016
Q. As per the IMF report, in which year IMF forecast a growth rate of 7.5 per cent for India and China's 6.3 per cent?
- Published on 24 Jul 15a. 2015
b. 2016
c. 2017
d. 2018
ANSWER: 2016
India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 per cent even as it decreased its current year global economy growth forecast to 3.3 per cent. In its World Economic Outlook Update, IMF retained India's growth forecast for current year at 7.5 percent which will be higher than China's 6.8 per cent.
