Breaking News

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


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

RBI's board to set up expert committee to examine ECF

The Reserve Bank of India's (RBI) Board meeting concluded on a cordial note. In the high profile meeting, which came amid the differences between the government and the RBI, the board agreed to ease liquidity......

RBI to infuse liquidity worth Rs 8000 crore through purchase of G-secs under OMO

Amid recent liquidity concerns, the Reserve Bank of India (RBI) has decided to infuse Rs 8,000 crore through purchase of the government securities (G-secs) under Open Market Operations (OMO) on November......

Investments through P-notes hit over 9-year low of Rs 66,587 crore in October

The share of foreign portfolio investments (FPI) through participatory notes (P-notes) in domestic capital markets has declined to nine-and-a-half year low of Rs 66,587 crore at the end of October. According......

Top News

View all news

Megastar Foods planning to incorporate subsidiary

Megastar Foods is planning to incorporate a subsidiary Company. The meeting of the Board of Directors of the company is scheduled to be held on November 27, 2018, to consider the same. Megastar Foods is......

Lupin launches generic Tetrabenazine Tablets

Lupin has launched Tetrabenazine Tablets, 12.5 mg and 25 mg having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin's Tetrabenazine Tablets, 12.5 mg and 25......

UPL's arm signs definitive agreement to acquire entire stake of IBC

UPL's wholly owned subsidiary-- UPL Corporation, Mauritius has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of INDUSTRIAS BIOQUIM CENTROAMERICANA, SOCIEDAD......