Amid the ongoing trade war between Beijing and Washington, an Indian business delegation on Wednesday held talks with Chinese oil meal importers as New Delhi looks to resume export of its crop banned by China in 2012.
The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive.
The International Monetary Fund expects India's role in the Indo-Pacific region's development to continue to expand because of its robust growth, but it has to carry out more trade reforms, Ken Kang, the deputy director in IMF's Asia Pacific Department said on Friday.
India's pace of economic reforms may be slowing down in the coming months because of the impending elections, although it has carried out major reforms that could help the nation reap the benefits of the upswing, according Christine Lagarde, the managing director of the International Monetary Fund.
The International Monetary Fund (IMF) has said that India will retain its top spot as the world's fastest growing economy, helped by structural reforms and the fading of the effects of demonetisation and the new goods and services tax system.
Lowest solar tariff underpins India's clean energy transformation: IEEFA
Gujarat's 500 MW solar tender results have delivered India's record low tariff of Rs 2.44 per kilowatt and this underpins the country's transformation to clean energy, US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.