Christine Lagarde, managing director of the International Monetary Fund, says that India a “bright spot” on a cloudy global horizon. She declared that India has the potential to double the size of its economy by 2019 compared to 2009. During her visit to India, Lagarde commented, “India's GDP will exceed...
India’s Economy is Now Growing Faster than China’s
Last year, economists at the World Bank, the International Monetary Fund, and Goldman Sachs suggested that within a year or two, India’s economy might be growing more quickly than China’s. But official statistics published on February 9th revealed that India’s GDP rose by 7.5% in 2014, a shade faster than...
India's Finance Minister to visit Washington DC this week, attend World Bank and IMF meetings
India's Finance Minister, Pranab Mukherjee, will embark on a four-day official visit to the United States starting April 18 During his visit, Mukherjee will attend the Spring meetings of the World Bank and the International Monetary Fund (IMF). According to Business Line, he will also hold bilateral meetings with his...