The Indian economy is expected to grow at 7.4 per cent in the current fiscal and accelerate further to 7.8 per cent as it recovers from the impact of demonetisation and GST roll out, IMF said today. China, it said, is projected to grow at 6.6 per cent in the current year which will moderate to 6.4 per cent next year. "But core inflation which excludes food and energy remains low and below target in many economies. And it finds that first that temporary global factors, including commodity prices and imported inflation, have been key drivers of low inflation. According to the report, inflation has become more backward-looking, meaning that past inflation drives current inflation more than future expectations.

Source: dna May 09, 2018 09:22 UTC