International Monetary Fund, IMF, has projected the economic growth rate of 7.5 percent for India in 2016 as against China's 6.3 percent. In its latest World Economic Outlook Update, IMF said growth in India is expected to rise above the rates in other major emerging market economies.

It also mentioned India's growth is expected to strengthen from 7.3 per cent this year and last year to 7.5 per cent next year. On the other hand, growth in China is expected to decline to 6.8 per cent this year

and 6.3 per cent in 2016.

The report said the growth will benefit from recent policy reforms, a consequent pickup in investment, and lower commodity prices. On Inflation the report, said in India, it is expected to decline further in 2015, reflecting the fall in global oil and agricultural commodity prices.

It said the growth recovery in the euro area is projected to be broad based, whereas in the Latin America and the Caribbean, activity is expected to rebound in 2016 after a recession.

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