Breaking News

You are here » Indian-Commodity  :  Economy  :  India reclaiming its place as growth leader after short slowdown: IMF

16-Jan2018

India reclaiming its place as growth leader after short slowdown: IMF

Ahead of IMF's World Economic Outlook 2018, slated to be released next week, highlighting bright outlook of Asia with strong consumption and investment, rising exports, and steady capital inflows, the International Monetary Fund's (IMF's) deputy managing director, David Lipton has said that India is reclaiming its place as a growth leader in the world, after witnessing the short term slowdown in economic growth.

Lipton also expressed optimism over the global economic outlook, saying that the cyclical recovery in the global economy is going from strength to strength with signs of faster growth across all regions. However, he expressed need of steps to enable stronger growth and to address growth impeding vulnerabilities and structural issues like rapid appreciation of asset valuations over the past year, unexpected monetary policy and exchange rate developments and geopolitical tensions.

On the investment and trade front, David Lipton said that capital-intensive investment and consumer demand are rising in the world, lifting world trade at a rate well above GDP growth. He further added that other economic factors like unemployment and inflation are also showing decline across the world.



Related News

View all news

Suresh Prabhu reviews proposed agriculture export, new industrial policies

Commerce and Industry Minister Suresh Prabhu has reviewed proposed agriculture export policy and new industrial policies. He also scrutinized various export promotion strategies. He said that the government......

India needs to improve wage policies to promote inclusive growth: ILO

In order to promote inclusive growth in India, the International Labour Organisation (ILO) in its latest report title 'India Wage Report: Wage policies for decent work and inclusive growth' has stated......

Need to boost crop productivity using fewer resources to double farmers' income: Niti Aayog

In order to achieve the target of doubling farmers' income by 2022, the Niti Aayog member Ramesh Chand has said that there is a need to boost crop productivity using fewer resources. He also pointed out......

Top News

View all news

IDBI Bank sells 3.90% stake in NSDL

IDBI Bank has sold 15,60,000 equity shares constituting 3.90% of the paid up capital of National Securities Depository (NSDL) on August 21, 2018.IDBI Bank is the youngest, new generation public sector......

Motilal Oswal Financial Services transfers lending business to WOS Company

Motilal Oswal Financial Services has transferred the lending business by way of a slump sale on a going concern basis, to its wholly owned subsidiary (WOS), Motilal Oswal Capital Markets (MOCML) as contemplated......

ICRA upgrades ratings assigned to Sterlite Technologies' NCDs

Credit rating agency, ICRA has upgraded its rating on the non-convertible debenture (NCDs) programme and long-term rating for the line of credit (LOC) of Sterlite Technologies to 'AA' from 'AA-' and reaffirmed......