APN News

  • Tuesday, October, 2019| Today's Market | Current Time: 05:00:26
  • imfInternational Monetayr Fund said India is a bright spot in Asia and as it pegged India be one of the fasted growing emerging economies earlier.

    With higher political certainty improved business confidence, reduced external vulnerabilities and lower commodity prices, real GDP is forecast to rise to 7.2 per cent in FY 2014/15, accelerating to 7.5 per cent in 2015/16.

    International monetary fund said that Reforms to streamline and expedite land and environmental clearances, increase labour market flexibility, and simplify business procedures should continue to improve India’s business climate which is crucial for sustaining faster and more inclusive growth.

    On the other side, The International Monetary Fund will soon send a team to India to get a grasp of the implementation of the government’s new GDP methodology, which has been questioned in certain quarters, including RBI.

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