The IMF is Bullish on India’s Growth & Estimated India to Grow

Mr Jitendra Gianchandani shared his views with Khaleej Times on the recent report ‘Global Wealth Migration Report’ by New World Wealth. He assessed that the growth rate of the Indian Economy will be more than 7 per cent which is considerably good in this uncertain global environment.

“The IMF is bullish on India’s growth and has estimated India to grow by 7.4 per cent in 2018 and 7.85 per cent in 2019,” he said. “Recently, India has also allowed 100 per cent foreign direct investment in single-brand-retail via automatic route. Lastly, the recent implementation of hard decisions such as demonetisation, GST and Rera has also boosted the confidence among HNWIs and foreigners in the Indian economy and the share market, which is thriving at the moment”

India is at the sixth position on the list of top 10 wealthiest countries in the world. Read the full report on Khaleej Times here