By end of 2018, the economy is expected to recover, as the impact of demonetisation and GST transition fade away. As per IMF estimates, India will become the fastest growing economy in the world outpacing China in 2019. IMF retained its India’ s GDP growth forecast of 6.7per cent and 7.4per cent in 2017 and 2018 respectively and pegged 2019 GDP growth at 7.8 per cent. India has typically recovered much faster than other prominent nations after global economic slowdown events such as dot-com crash, 9/11 crash or 2008 financial crisis thus showing signs of a maturing, stable economy.