IMF scales down India's growth projection for current fiscal to 7.3%

India will do better than China still, says IMF

The International Monetary Fund (IMF) has moderately scaled down India’s economic growth projection to 7.3 per cent for the current financial year from its earlier forecast of 7.4 per cent and suggested that the country should continue to undertake economic reforms, including hire and fire, to create jobs.

The IMF’s new growth projections are bit optimistic than the Reserve Bank of India's (RBI’s) but moderately pessimistic than the World Bank's.

In its World Economic Outlook (WEO), a flagship publication brought out during the annual spring meetings of the IMF and World Bank in Washington, the Fund also revised down its prediction for