New Delhi [India], Apr. 20 (ANI): The International Monetary Fund (IMF) on Thursday said that it expects India to re-emerge as one of the fastest growing major economies in the 2018 - 2019 period, projecting the country's growth rate at 7.4 percent in 2018.
Further, the international financial organisation forecasted a rate of growth of 7.8 percent for 2019.
The IMF added that growth in India is picking up, after falling sharply in the second quarter of 2017.
The body also added that India's projected growth provides an offset to China's gradual slowdown.
The world agency believes that India will leave its nearest rival China behind, which is expected to grow at 6.6 percent in 2018 and 6.4 percent in 2019.
The apex international financial institution noted that India should strive to accelerate investments and exports to take advantage of the recovery in global growth. (ANI)