According to the International Monetary Fund, the global economy, in spite of having reached a plateau, will continue to grow at 3.7 percent in 2019. The outlook for 2019 is better than one might expect given the negative daily news around the globe. Strong economic growth in the U.S. will...
IMF: India's Economy to Grow Faster than China's
In its World Economic Outlook report the International Monetary Fund said that India should grow at 7.3 percent in 2018-2019, up from 6.7 percent last year but lower than its earlier projection of 7.4 percent in April this year. The projection was revised down due to the increase in global...
IMF: India's Economy Leads in Growth
In its annual assessment of the Indian economy, the International Monetary Fund said, "India’s economy is picking up and growth prospects look bright. As one of the world’s fastest-growing economies—accounting for about 15 percent of global growth—India’s economy has helped to lift millions out of poverty. "The authorities have initiated...
Emerging Economies Richer than the West
According to Linda Yueh's article On the Prosperity of Countries, emerging and developing economies for the first time account for a larger share of world GDP or global output than developed economies. Excerpts from the article: The World Bank estimates that of the 101 middle-income economies in 1960, just a...
India's Digital Transformation Exciting says IMF
India is undergoing an ‘exciting digital transformation,’ that can be a learning experience for everyone, according to the International Monetary Fund which will feature a case study on the country's digital revolution in its new book. Vitor Gaspar, director of the IMF's Fiscal Affairs Department, said that the book Digital...
Chinese Group Expects India to Overtake China in Innovation by 2025
According to China's Science Technology Exchange Center, India's innovation growth rate will rise significantly over the next 15 years, and come close to surpassing China. "It is predicted that the innovation competitiveness of India will see a significant rise with its growth rate probably surpassing China between 2025-2030," the independent...