IMF pegs emerging markets' growth at 4.2% in 2016
The International Monetary Fund has stated that the emerging markets and developing economies' growth will accelerate to 4.2%, for the first time since 2010. Further, India's growth forecast was also revised to 7.6% from the earlier estimate of 7.4%. Meanwhile, the Chinese economy is expected to grow 6.6%, down from 6.9% in 2015.