It cut its forecast for India's gross domestic product to 6.6 per cent from 7.6 per cent. "Even with our downgrade, India's growth rate remains substantial," said Maury Obstfeld, the IMF 's research director. " About 20 percent of respondents in the Economist's survey felt their firm's expectations were “overly optimistic” for China. A majority of expats in India say that living here has accelerated their progress toward long-term savings and investments. Over a quarter of employers in India say that automation will kill jobs over the next two years, according to a report from ManpowerGroup, which surveyed 18,000 employers in 43 countries.

Source: Economic Times January 18, 2017 05:33 UTC