MUMBAI: International Monetary Fund (IMF) says India’s economy will grow by 7.7% in 2010.

In October, predicted 6.4% growth for the Indian economy.

QUICKTAKES

IMF says global economy to grow 3.9% from 3.1% in 2010
Growth forecast to grow 0.8% higher compared with the October projection of 3.1%
India’s economy will expand by 7.7% in 2010
Predicts 2.7% expansion in the US and 10% in China
Recovery in industrial nations expected to be sluggish
Burden still on high unemployment rates and rising public debt
Advanced economies will expand 2.1% in 2010, 2.4% in 2011
IMF had earlier estimated that advanced economies will decline 2.5%
US GDP will expand 2.7% in 2010 before slowing to 2.4% in 2011
Euro area likely to expand 1% in 2010 and 1.6% in 2011
Outlook for Japan’s economy remains unchanged for 2010
IMF predicted growth of 1.7% in October
Inflation pressures will remain subdued in most economies because of excess capacity
Commodity prices expected to rise a bit further
Projection for oil unchanged at $76/ bbl
Says in 2011, oil will average $82/bbl
Global trade forecast to expand 5.8% in 2010
Global trade contracted 12.3% in 2009
Global trade will accelerate to 6.3 in 2011