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IMF: India to Become World’s Fastest Growing Economy

International Monetary Fund chief Christine Lagarde said India is poised to become the world’s fastest growing major economy overtaking China as early as this year. During a recent visit to India, she also cautioned emerging markets to brace for instability in the event of a hike in interest rates by the United States. Sounding a bullish note about the Indian economy, International Monetary Fund chief Christine Lagarde said that while most countries are battling slow growth, India is...

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