Economy Indian elephant ready to run after economic reforms, says IMF official Updated : April 23, 2018 06:52 AM IST India's growth rate is higher than China's growth rate. India is recovering from a short-term slowdown due to the implementation of several reforms. Indian government was working on structural reform and the coming elections will be very important. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.