India still fastest-growing economy in world gripped by uncertainty: IMF

IT.com

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The International Monetary Fund (IMF) retained India's GDP forecast for this fiscal year and the next, confirming its status as the world's fastest-growing major economy, as it pared global expansion estimates citing weakening worldwide recovery amid increasing financial turbulence.

India's growth in FY17 and FY18 was pegged at 7.5% in the World Economic Outlook (WEO), the Fund's flagship publication, unchanged from January.
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