The International Monetary Fund ( IMF ) says India ‘s growth is estimated to rebound to 7(point) 2 per cent in the 2017-18 fiscal and 7 (point ) 7 per cent in 2018-19 after interruptions triggered by Demonetization project.
IMF has also suggested the removal of long-standing structural bottlenecks to enhance market efficiency.
It said short-term disruptions caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease.
Such disruptions would also be offset by tailwinds from a favorable monsoon season and continued progress in resolving supply-side bottlenecks, the IMF added.
