<p>India is likely to clock an economic growth rate of 4.6 per cent this financial year and the expansion may improve to 5.4 per cent in 2014-15, the International Monetary Fund said today.<br /><br /></p>.<p>"Growth in India picked up after a favourable monsoon season and a higher export growth and is expected to firm further on strong structural policies supporting investment," IMF said in its World Economic Outlook update.<br /><br />The growth rate in 2015-16, at factor prices (excluding taxes), is likely to be 6.4 per cent, it added.<br /><br />At market prices (basic prices plus taxes but less subsidies), India's growth rate in 2013-14 is likely to be 4.4 per cent, IMF said. Its earlier estimate in October was 3.8 per cent.<br /><br />For the next two fiscals, IMF projected a growth rate of 5.4 and 6.4 per cent respectively.India's economy slowed to a decade low of 5 per cent in the last fiscal due to global slowdown and domestic factors, like high interest rates.<br /><br />Growth rate during April-September of 2013-14 slipped to 4.6 per cent from 5.3 per cent in the same period last fiscal.<br /><br />The report also said global activity strengthened during the second half of 2013 and is expected to improve further in 2014-15, largely on account of recovery in the advanced economies.<br /><br />"Global growth is now projected to be slightly higher in 2014, at around 3.7 per cent, rising to 3.9 per cent in 2015...," the report said.</p>
<p>India is likely to clock an economic growth rate of 4.6 per cent this financial year and the expansion may improve to 5.4 per cent in 2014-15, the International Monetary Fund said today.<br /><br /></p>.<p>"Growth in India picked up after a favourable monsoon season and a higher export growth and is expected to firm further on strong structural policies supporting investment," IMF said in its World Economic Outlook update.<br /><br />The growth rate in 2015-16, at factor prices (excluding taxes), is likely to be 6.4 per cent, it added.<br /><br />At market prices (basic prices plus taxes but less subsidies), India's growth rate in 2013-14 is likely to be 4.4 per cent, IMF said. Its earlier estimate in October was 3.8 per cent.<br /><br />For the next two fiscals, IMF projected a growth rate of 5.4 and 6.4 per cent respectively.India's economy slowed to a decade low of 5 per cent in the last fiscal due to global slowdown and domestic factors, like high interest rates.<br /><br />Growth rate during April-September of 2013-14 slipped to 4.6 per cent from 5.3 per cent in the same period last fiscal.<br /><br />The report also said global activity strengthened during the second half of 2013 and is expected to improve further in 2014-15, largely on account of recovery in the advanced economies.<br /><br />"Global growth is now projected to be slightly higher in 2014, at around 3.7 per cent, rising to 3.9 per cent in 2015...," the report said.</p>