The global lending agency also said that Brexit has resulted in global economic uncertainty.
Raghuram Rajan, who was Chief Economic Advisor in the Finance Ministry before taking over as RBI Governor on September 4, is scheduled to announce the next mid-quarter policy review on December 18.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
"I'm short the dollar," Gates, chairman of Microsoft, said in an interview at the World Economic Forum in Davos, Switzerland.
As per the latest government data, India's second quarter economic growth inched up to 4.8 per cent during second quarter (July-September) of 2013-14, well above 4.4 per cent in the first quarter (April-June).
The Chinese savings rate is an astounding 50 per cent of the gross domestic product, the IMF said in its latest world economic outlook.
India expects to remain unscathed this time, mainly because it is in a sweet spot as the world's third largest oil consumer, after the US and China, says Subhomoy Bhattacharjee.
India ranks low at 105th on human capital index, Finland tops
Like Air India, there have been recent cyber attacks on some major airlines, including one in Canada, and a global airlines alliance
The 20th India Economic Summit, the annual event organised by the World Economic Forum and Confederation of Indian Industry, will see a large turnout of foreign investors and delegates this year.
By hosting the 10 ASEAN leaders on Republic Day, India amply demonstrated that ASEAN is a central pillar of its Act East policy. But is India 'central' for ASEAN, asks Dr Rahul Mishra.
Indian economy is expected to expand at 8.5-9 per cent over 10-15 year time frame once the structural issues hampering growth are addressed by the government.
A staggering $18 trillion worth unaccounted money is stashed in tax havens.
With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country.
OPEC hopes lower fuel prices will stimulate more demand in the long run
In 2010, the richest 80 people in the world had a net wealth of $ 1.3 trillion.
World Bank President James Wolfensohn has said that outsourcing was a natural consequence of the free market and suggested safety nets be put in place to protect those who lose their jobs.
The country, last year, stood at the 27th spot for effective regulation and supervision of securities exchanges.
The 15-member Board of BFA included former Japanese prime minister Yasuo Fukuda, former Malaysian prime minister Abdullah Ahmad Badwai, former Singapore prime minister Goh Chok Tong and former prime minister of France Jean-Pierre Raffarin besides former US Treasury Secretary Henry Paulson.
The report said South Asia is expected to be the fastest-growing region.
N R Narayana Murthy, Chairman of the Board and Chief Mentor, Infosys Technologies, outlines the key ingredients to building a great company and the role of 'compassionate capitalism' in society.
Average global growth prospects for the next 12 months and the next three years are 35 per cent and 49 per cent, respectively.
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
There are several companies that are trading at attractive long-term valuations and are likely to provide investors with adequate returns.
He was quoted by the BBC as saying that the process should continue.
India's economic growth is expected to improve to 6.3 per cent in 2016 with the country leading economic recovery in South Asia, according to a United Nations report.
The current sky-high price of oil at $50 a barrel has been caused due to stockpiling by various countries, said Ged Davis, managing director, Centre for Strategic Insight, World Economic Forum, in New Delhi on Wednesday.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
The 20th India Economic Summit to be held in New Delhi later this year will showcase India's advances and accomplishments in integrating with the global economy
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