Economy India's overall growth 'very strong' by world economy standards: IMF Updated : October 16, 2019 08:05 AM IST India and China with their projected growth rate of 6.1 percent for the current year share the top rank among major economies. In the medium term, the IMF expects India's growth to stabilise at about 7.3 percent, based on the continued implementation of structural reforms. 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.