Indian economy remains a bright spot in global landscape

The Indian economy is growing strongly and remains a bright spot in the global landscape despite temporary setback due to demonetisation, a senior IMF official has said.

In its annual country report on India, the International Monetary Fund (IMF) yesterday said growth is expected at 6.6 per cent in this fiscal year and at 7.2 per cent in the following year.

“The Indian economy is growing strongly and remains a bright spot in the global landscape,” the IMF mission chief for India, Paul Cashin said.