The International Monetary Fund has raised India’s growth forecast to 5.4 per cent for 2009 even as it projected the world economy to shrink by 1.4 per cent this year.
The IMF in April forecast a growth rate of 4.5 per cent for the Indian economy in 2009. In its update to the World Economic Outlook, IMF said the global economy will contract by 1.4 per cent this year. Earlier it had projected a growth rate of 1.3 per cent for the same.
India is expected to witness a growth rate of 5.4 per cent in 2009 while neighbouring Chinese economy would expand by 7.5 per cent during the same period.
Epaper
Newsletter
Stocks
Weather
Horoscope
