Question:- What is IMF’s GDP growth projection for 2017-18?
(a) 7.2%
(b) 6.5%
(c) 8.5%
(d) 10%
Ans: (a)
Related facts:-
- On July 18, 2017, The International Monetary Fund in it’s July World Economic Outlook Update retained India’s projected GDP growth rate for 2017-18 at 7.2% .
- The IMF had in April projected GDP growth in India at 7.2% and 7.7% in 2017-18 and 2018-19, respectively.
- The report notes that although business activity slowed due to demonetization, growth for 2016-17 was higher than anticipated on the basis of government spending and stronger momentum in the first part of that year.
- Comparatively, China’s economy is expected to steadily slow down to 6.6% in 2017 and 6.2% in 2018 due to the “complex process of rebalancing”.
Reference:
http://www.thehindu.com/todays-paper/tp-business/imf-retains-india-2017-gdp-growth-forecast-at-72/article19352800.ece
http://www.livemint.com/Politics/YmMfZr4Se9zjlfAX8D0aJM/IMF-trims-Indias-growth-forecast-to-72-for-2017.html