The International Monetary Fund (IMF) on
23 January 2013 projected that the economic growth rate of India in
2013 would be 5.9 percent. The IMF also projected an increased growth
rate of 6.4 percent for 2014 looking forward towards the gradual
strengthening of the global expansion in India’s context.
In its update at the World Economic Forum (WEO), the IMF also forecasted that the global economic growth rate would be 3.5 percent, little higher than the 3.2 percent estimated earlier. As per the report of IMF, uncertainty in policy making and supply bottlenecks were one of the most visible causes that hampered the growth aspects of the economies like India and Brazil. It also stated that the scopes of easing the policy to any further extent have also gone down in these countries.
About International Monetary Fund (IMF):
In its update at the World Economic Forum (WEO), the IMF also forecasted that the global economic growth rate would be 3.5 percent, little higher than the 3.2 percent estimated earlier. As per the report of IMF, uncertainty in policy making and supply bottlenecks were one of the most visible causes that hampered the growth aspects of the economies like India and Brazil. It also stated that the scopes of easing the policy to any further extent have also gone down in these countries.
About International Monetary Fund (IMF):
The International Monetary Fund (IMF) is
an organization of 188 countries that works for fostering the global
monetary cooperation, promote high employment and sustainable economic
growth, facilitate international trade, secure financial stability and
reduce poverty around the world. Since the end of World War II, the IMF
had been playing a major role in shaping the global economy. The IMF has
played a part in shaping the global economy.
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