International Monetary Fund (IMF) believes India's gross domestic product (GDP) is likely to expand 4.4% during this fiscal, while earlier in October it was projected to accelerate 3.8%. According to IMF's World Economic Outlook update, the country's growth picked up after favourable monsoon season and a higher export, and is projected to firm further on strong structural policies supporting investment. The nation's GDP expanded 4.6% during first half of this fiscal, while it was recorded at 5.3% during the same period last year. The country's GDP is expected to accelerate 5.4% during next fiscal and 6.4% in 2015-16.
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