Current Affairs - Economy - Discussion

G-20 surveillance note expected that Indian economy will grow 7.3% in 2019 and 7.5% in 2020. This was prepared by the staff of International Monetary Fund (IMF). It stated that the reforms to hiring and dismissal regulations would help incentivise formal job creation in India and, if combined with an increase in female labour force participation would help absorb the country's large demographic dividend. Global growth is projected to remain stable at around 3.6%. It will rely on weights shifting toward countries with relatively higher growth rates, mainly G-20 emerging markets such as China and India.