IMF declares India taking over China growth rate 7.5% in 2016 Analysis
IMF (International Monetary Fund) announces India to lead growth rate 7.5% in financial year 2015-16 leaving China behind
International Monetary Fund (IMF) boasts Indian supremacy in world economy predicting a very high growth rate expectations for current financial year 2015-16. IMF considers 7.5% growth rate for India, considering low oil proces and ongoing financial reforms in India. With 7.5% growth rate Indian economy will take over China in current financial year.
Narendra Modi's government, Finance Ministry in India expects 8-8.5% growth rate much ahead of IMF predictions. FOr the same period, Reserve Bank of India expects 7.8% growth rate for India.
Sign of recovery in Indian economy India's growth rate to be more than 7.5% in Financial Year 2015-16
All major credit rating institutions making their predictions for growth in favor of Indian economy and Narendra Modi's government and finance minister Arun Jaitely. Good signs of recovery in Indian economy supports full majority government plans success.
IMF praise for Indian economy make other world economies envious failing to maintain their growth rate due to breach in oil prices and strong USD exchange rates in foreign currency.