Ahead of Modi’s speech in Davos; heres what IMF report says on India

survey result could not have come at a better time for the Indian delegation

Ahead of Modi’s speech in Davos; heres what IMF report says on India

Ahead of his speech at the Davos World Economic Forum, the International Monetary Fund released its global growth prospects survey where in it has been said that India could grow at 7.8% in 2019.

The survey result could not have come at a better time for the Indian delegation that is there to hardsell India as an investment destination to the world community.

The survey report incidentally comes as an endorsement that India is on track to shake off the disruptive effects of the note ban in 2016 and the glitches in implementation of the GST last year.

They also follow the recent improvement in India’s rankings, up to 100 on the pecking order, by the World Bank.

It need be mentioned that India’s top business and banking leaders will be here when the Prime Minister reaches out to global corporate chiefs and executives.

Prominent amongst those in attendance includes Tata Group chairman N Chandrasekharan, Wipro’s Azim Premji, ICICI Bank CEO Chanda Kochhar and SBI chief Rajnish Kumar arrived in Davos Monday.

Providing a global perspective on new economic narratives will be former RBI governor Raghuram Rajan, who is now teaching at Chicago University’s Booth School of Business.

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