Explained: Has demonetisation worked? - Page 4
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    Not China, India to be world’s fastest growing economy in 2017, 2018, says IMF

    Des
    pite the "negative" IMF forecast for 2016 and 2017, as claimed by the critics of demonetisation, India would continue to grow faster than China in 2017 and 2018 by huge margins.


    Excerpts:

    The possibility of India growing more than the IMF forecast is also high. The report has mentioned that current trimming of India’s growth forecast is because of the “negative consumption”. However, with so much money available with banks after demonetisation and expected sops to be announced by Finance Minister Arun Jaitley in the upcoming Union Budget 2017, consumption pattern may grow faster than what have been estimated by the IMF for the forecast. Earlier, World Bank had also predicted healthy growth of Indian Economy in the years 2017 and 2018.

    The next General Elections are scheduled for 2019. In the words of Bihar Chief Minister Nitish Kumar, PM Modi would be “riding an elephant” if IMF forecast becomes true.

    Source: http://www.financialexpress.com/econ...ys-imf/511107/
    Last edited by V.Balasubramani; 17-01-2017 at 06:21 PM.
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