IMF Cuts India's Growth Forecast, Still Fastest Growing Economy: 10 Facts

According to the IMF report, India retains its rank as the world's fastest-growing major economy with a projected growth rate of 6.1 per cent for the current fiscal year, despite an almost one per cent cut in the forecast. (Also read: Is world economy facing first recession since 2009?) In comparison, the Chinese economy - which grew 6.6 per cent in 2018 - is expected to grow 6.1 per cent rate in 2019 and 5.8 per cent in 2020, acc...