IMF projects impressive 11.5% growth rate for India in 2021
With the latest projections, India regains the tag of the fastest developing economies of the world.
(Photo: Reuters)
Lalit K Jha
, PTI
The IMF today projected an impressive 11.5% growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic
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The IMF on Tuesday projected an impressive 11.5% growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
IMF projects 11.5 per cent growth rate for India in 2021, to be world’s fastest
This makes India the only major economy of the world to register double-digit growth in 2021, it said.
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| A+A A- By Express News Service
The International Monetary Fund (IMF) on Tuesday revised its India’s growth rate projection for 2021 to a decent 11.5% from 8.8% it had projected earlier on the back of the country’s “stronger than expected recovery”. It also improved its forecast for India’s current fiscal to 8% GDP contraction from 10.3% negative growth projected in its October World Economic Outlook report.
According to the IMF, India is the only major economy in the world that can register a double-digit growth in 2021. China is next with 8.1% growth in 2021 followed by Spain (5.9%) and France (5.5%).
UPDATED: January 28, 2021 00:33 IST
In its latest World Economic Outlook, the IMF projected India s growth rate of 11.5 per cent in 2021 ( File Photo)
The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
The International Monetary Fund s growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the economy, which is estimated to have contracted by eight per cent in 2020 due to the pandemic.
In its latest update, the IMF projected an 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.
»IMF Projects Impressive 11.5 Per Cent Growth for India in 2021, Only Country with Double Digit Growth
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IMF Projects Impressive 11.5 Per Cent Growth for India in 2021, Only Country with Double Digit Growth
With the latest projection, India regains the tag of the fastest developing economies of the world. (Reuters)
The projection makes India the only major economy of the world to register double-digit growth this year amidst the coronavirus pandemic. China is next with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent).
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The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register double-digit growth this year amidst the coronavirus pandemic. The International Monetary Fund s growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the economy, which is estimated
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