IMF to update growth rate forecast for India in January

Latest figures reveal that India grew at 6.3 per cent in the September quarter compared to 5.7 per cent in the previous quarter.

The International Monetary Fund (IMF) has plans to update its growth rate forecast for India in January 2018, as per a PTI report.
 
"We will be updating the forecast for India, including the growth rate, and that will be coming January with the update of our World Economic Outlook," IMF spokesman Gerry Rice said.
 
Notably, Moody’s recently upgraded India’s sovereign bond rating to Baa2 from Baa3 (after a gap of 13 years) with a stable outlook.
 
“The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general government debt burden over the medium term,” it said in a release. 
 
Reflecting an improvement in the Indian economy, latest figures reveal that India grew at 6.3 per cent in the September quarter compared to 5.7 per cent in the previous quarter.
 
Source: PTI

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