News Column

IMF raised India's growth forecast by more than 0.5%

January 22, 2014

The International Monetary Fund raised growth forecast for India by more than half a percentage point after the recent pessimistic scene in October when it pegged growth less than 4%, where improved exports supported today's raised estimates. Moreover, the IMF anticipates an annual growth pace for India to 4.4% in 2013-14 from its previous 3.80% pace, adding that growth in India picked up after a favorable monsoon season and higher exports growth. Furthermore, the International Monetary Fund sees growth will rise to 5.4% in 2014-15, which I slower that the respective 6.2% and 7.1% recovery forecast by its Bretton Woods Twin, the World Bank .

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Financial Markets

Story Tools