The growth projections of several global agencies rank India at the top among the G20 economies. In the medium term, annual growth is projected at around 7.5 per cent by the IMF and the World Bank. It is likely that growth will be more sustainable now, propelled by investment and private consumption.
The OECD estimates that the adoption of best practices in areas like these could increase GDP by four to seven percent. 3  Strenghtening EMU further Every country faces its own particular challenges. In addition, there are some common elements in the problems faced by euro area countries. Indeed, part of the European growth problem is related to design flaws in the monetary union.