IMF suggestions for India Growth Rate

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India's growth accelerated to 7.7.% in 4th quarter of 2017-18 (F.Y.) which was up from 7% in the previous quarter. In order to sustain the high growth rate, following three steps are suggested for India by IMF ( International Monetary Fund) to follow :-

1) To revive a Bank credit and enhance the credit provision by accelerating clean up of Bank and
    Corporate Balance sheets & enhancing the growth of Public Sector Banks.
2) To continue fiscal consolidation and to lower elevated public Debt levels by simplifying &
    streamlining the Goods and Service Tax (GST ) structure.
3) To renew impetus to reforms of key markets over the medium term, for example, Labor and
    Land as well as improving the business climate to improving competitiveness and maintaining
    the level of growth in India.

 India's Gross Domestic Product (GDP) is poised to grow by 7.3.% in 2018-19 and 7.5% in 2019-20
 on strengthening of Investment and private consumption.
 Govt. is steadily moving towards achieving the above goals to strengthen the economy
 All forecasts about an economy as complex as India's should be taken with a pinch of salt.   



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