Firm policy actions, cheaper oil to lift India's growth to 7.2%: IMF

Tokyo

INDIA'S economy should grow by a robust 7.2 per cent in the current fiscal year under the impetus of "firm policy actions" taken by Prime Minister Narendra Modi's government and thanks to lower global oil prices, the International Monetary Fund (IMF) said on Wednesday.

"The Indian economy is the bright spot in the global landscape, becoming one of the fastest-growing big emerging market economies in the world," the IMF noted.