Updated By: LatestGKGS Desk
International Monetary Fund (IMF) has said that India is a source of growth for the global economy for the next few decades.
Releasing the report of its annual consultations with India, IMF's mission chief for India, Ranil Salgado said that India contributes 15 percent of the growth in the global economy in purchasing power parity measures. He said this is next to only China and the UnitedStates.
In the IMF report, the IMF has forecast India's growth to rise to 7.3 percent in the financial year 2018-19 and 7.5 percent in the financial year 2019-20, on strengthening investment and robust private consumption.
The IMF report also described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy.
Founded: 27 December 1945
Founders: John Maynard Keynes, Harry Dexter White
Headquarters: Washington, D.C., United States
Membership: 189 countries
CEO: Christine Lagarde
IMF World Economic Outlook 2019 Report: India’s growth...
World Bank Global GDP Rankings 2018: India is the 7th larges...
Blue Economy Details, Features, Aim, Benefits, Significance ...
IMD World Competitiveness Rankings 2019: India Ranked 43rd, ...
IMF Releases World Economic Outlook April 2019 Report: Detai...
World Bank: India retains the highest remittances in 2018 wi...
Daily GK GS Current Affairs Saturday, 6th April 2019 1.&nbs...
Daily GK GS Current Affairs Saturday, 23rd March 2019 1. Ma...
Monster Salary Index Report: Indian women earn 19% less than...
Daily GK GS Current Affairs Sunday, 3rd March 2019 1. World...
Daily GK GS Current Affairs Saturday, 2nd March 2019 1. IAF...
World Bank-ILO Report: Labour Reforms Can Lead To Better Wag...
» Daily Current Affairs 18th July 2018 GK GS Bulletins
» IMF cuts India's growth forecast to 7.3% for 2018: Detail Highlights
» World Bank: India overtook France to become 6th world's largest economy in 2017
» China Successfully Tested First Hypersonic Aircraft ‘Xingkong-2’: Details, Features
» India elected as President of AIBD for 2 years: Detail, Significance, Highlights
» UN first time finalizes Global Compact for Safe, Orderly & Regular Migration: Details
Privacy Policy | Twitter | RSS