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IMF retains India's GDP growth forecast for FY19 at 7.3%

The IMF for India has retained the GDP growth forecast for FY19 at 7.3% and said that the growth will continue to powering investment and domestic consumption. In 2017, India had a growth rate of 6.7%. The RBI in its 4th bi-monthly monetary policy meeting has retained its growth forecast in FY19 at 7.4%. As per the reports if things will go as predicted India will leave behind China as the fastest growing economy.