The 5 key takeaways from IMF's world economic outlook

The International Monetary Fund has come out with its world economic outlook. The projections show cuts for US and European growth but is largely positive on India. Here are the 5 key takeaways. 1. India is set to grow at 7.3% in 2015 and is likely to clock a GDP of 7.5 in the coming 2 years. Global slowdown poses a risk for emerging markets. However India continues to grow at the fastest pace among its peers 2. A sharper-than-expected slowdown in China can bring more international spillovers and dampen sentiments. The global economy growth has thus been cut to 3.4 % for 2016. 3. The US market will grow at 2.5 % for 2015 and inch up to 2.6 % in the coming two years. However this is a 0.2 % downward revision. 4. Europe recovery is set to be steady. The euro area is expected to grow at 1.7 % in the coming two years. 5. Appreciation of the US dollar and tighter global financing conditions could play spoilsport. There are chances of possible financial strains especially in vulnerable ems. Listen into what IMF and other economists had to say about the revised outlook.