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India's growth remains "solid enough" in the future, said the IMF despite a slight downward revision of the country's growth forecast for 2018-2019 due to the high prices of India. oil and a restrictive monetary regime. The growth rate of India is 7.3% in 2018 and 7.5% in 2019 for India, down 0.1% and 0.3% respectively compared to April projections
. Maurice Obstfeld, economic adviser and director of the research department of the International Monetary Fund (IMF), told reporters at a press conference
"For India, the main factor is rising oil prices.India is an oil importer, but the general tightening of the global financial situation also plays a role in the growth of India, which largely explains the worsening of the situation. "said Gian Maria Milesi-Ferretti. The Deputy Director of the IMF Research Department, with a tighter global financial situation and rising oil prices leading to increasing inflationary pressures, monetary policy has tightened.
"It's a little tighter than in April. This adds to the oil and tightening global financial conditions, which will slightly reduce growth for next year, "he said.
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