The International Monetary Fund has, in its latest prediction about world economic growth, pruned the previous predictions made last October quite sharply. The prediction for India’s economic growth for the current year has been brought down from 6.1 per cent made in October 2019 to 4.8 per cent for the same period, made in January 2020. It is claimed to be so significant that the chief economist of the IMF, Gita Gopinath, has stated that India is the most important reason for the pruning down of global economic growth rates. It can be done by stimulating private investment, public investment, private consumption and exports. In the long run, private investment also stimulates supply by creating more installed productive capacity.

Source: The Telegraph January 23, 2020 21:33 UTC