Jan 20, Mumbai
The International Monetary Fund (IMF) today said, India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China’s projected growth rate.
Terming the new government’s reforms as promising, the IMF said in 2014, India’s growth rate was 5.8 per cent against China’s 7.4 per cent. The report released by IMF added that implementation is key for the Indian government. The report said global growth will receive a boost from lower oil prices.