Question

What was India's GDP growth rate for $2018$, as per IMF's latest report "Asia and Pacific Regional Economic Outlook"?

• A. $7.4\%$
• B. $7.5\%$
• C. $7.6\%$
• D. $7.8\%$

Answer 1

The correct option is A $7.4\%$

In its latest report Asia and Pacific Regional Economic Outlook, the International Monetary Fund (IMF) reaffirmed that India will be the fastest-growing major economy in $2018$, with a growth rate of $7.4\%$ that rises to $7.8\%$ in $2019$ with medium-term prospects remaining positive. Overall, the report stated that Asia continues to be both the fastest-growing region in the world and the main engine of the world's economy.