IMF RAISES INDIA’S GROWTH FORECAST TO 7.2 % THIS FISCAL:

The International Monetary Fund (IMF) has forecasted that India will grow 7.5% in 2015-16, up from 7.2% in the current year.

Important observations made by the Report:

The report stressed the urgency of certain key reforms, including the bottlenecks in the energy, mining and power sectors; infrastructure gaps, land acquisition processes and environmental clearances.
The report says that India’s vulnerabilities have receded more than those of most emerging markets and sentiment has been revived.