India's growth remains very robust in the future: the IMF

Washington: India's growth remains "solid enough" in the future, the IMF said despite a slight worsening of the country's growth forecast for 2018-2019 due to weaker prices. high oil prices and a restrictive monetary regime. The International Monetary Fund (IMF) forecasts a growth rate of 7.3% in 2018 and 7.5% in 2019 for India, down 0.1% and 0.3% respectively from April forecast.

"India's growth remains very robust in the future, but it is increasing sharply," Maurice Obstfeld, economic adviser and director of the research department of the International Monetary Fund, told the press. (IMF) at a press conference. "For India, the main factor is the rise in oil prices and India is an oil importer, but also the general tightening of the global financial situation plays a role in the growth of oil. India: According to Gian Maria Milesi-Ferretti, deputy director of the IMF's Research Department, the tightening of global financial conditions and rising oil prices leading to increasing inflationary pressures, monetary policy has tightened [19659003isalittletighterthanexpectedinApriladdingtooilandtighteningglobalfinancialconditionswhichwillallowustoslowgrowthabitfornextyear"hesaid