With India and China trying to balance rivalry and trade ties, the International Monetary Fund has asserted that the two countries are indeed important engines of regional and global economic growth.
It need be mentioned that an IMF official said that a strong economic partnership between the two Asian giants would be beneficial for the world economy.
IMF official went to the extent of saying that in 2017 itself, India and China were responsible for almost half of global growth.
The IMF, it was said, strongly believes that the world benefits if individual countries implement sound stability-oriented macroeconomic policies and reduce barriers to trade and investment.>
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