India's growth is expected to improve this year .International Monetary Fund,IMF made an estimation that in the fiscal year 2014 India's economic growth can be increased to 5.4 percent and in fiscal year 2016 it is expected to be 6.4 per cent . According to the IMF because of global recovery there would be some improvement in India's growth momentum , although it cannot come up with the same pace.
The IMF has said that India needs to control its financial deficit and maintain a strict monetary policy for its economic growth. According to the IMF,India needs to be work on fiscal consolidation , reduce subsidies , accelerate infrastructure projects and implement GST to maintain growth momentum.
IMF said in this fiscal year developing countries has more growth rate as compared to developed countries but developed nations has very much improved in health sector.
The IMF has said that India needs to control its financial deficit and maintain a strict monetary policy for its economic growth. According to the IMF,India needs to be work on fiscal consolidation , reduce subsidies , accelerate infrastructure projects and implement GST to maintain growth momentum.
IMF said in this fiscal year developing countries has more growth rate as compared to developed countries but developed nations has very much improved in health sector.
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