Despite IMF projection, India growing fast: FM Nirmala Sitharaman

TIL Desk/Business/Washington/ India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, Union finance minister Nirmala Sitharaman has said.          

The International Monetary Fund has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of Indian reporters on Thursday.            

The minister is in Washington to attend the annual meeting of the IMF and the World Bank. Sitharaman said she is “certainly not risking a comparison” with China, even though the two countries growth rates have been projected at 6.1 per cent in a latest IMF report.

“The IMF (in its latest projections) reduces the growth (rate) for all the global economies. It reduces the growth for India too. But even otherwise, even with that India is still growing as the fastest growing economy,” she said.