India, China contribute 45% to global growth: IMF
China and India should aim for 'growth-friendly' fiscal consolidation to promote sustainable, inclusive growth as they together contribute 45% to global growth, the International Monetary Fund (IMF) has said. Asia is the world's fastest-growing region and the main engine of the world's economy, it added. IMF has projected India's growth at 7.4% in FY19 from an estimated 6.7% in FY18. 