Indian economy poised to pick up in 2019, do better than China's: IMF

The IMF's January World Economy Outlook update says India will remain the fastest growing major economies of the world.

India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, the International Monetary Fund (IMF) said on Monday attributing the pick up to lower oil prices and a slower pace of monetary tightening.

The IMF’s January World Economy Outlook update said India would remain the fastest growing major economies of the world. "India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease," the IMF said.

Despite fiscal stimulus that offsets some of the impact of higher US