IMF says India's economy is an elephant that's starting to run, flags risks

The IMF forecasted India's growth at 7.3 percent in the fiscal year through March 2019 and 7.5 percent in the year after that

India is on track to hold its position as one of the world’s fastest-growing economies as reforms start to pay off, according to the International Monetary Fund.

The $2.6 trillion economy was described by Ranil Salgado, the IMF’s mission chief for India, as an elephant starting to run, with growth forecast at 7.3 per cent in the fiscal year through March 2019 and 7.5 per cent in the year after that. The nation accounts for about 15 per cent of global growth, according to the Washington-based fund.

Key risks flagged by the IMF in its annual Article IV assessment of