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IMF raises India s growth projection to 12 5% for FY22 - The Hindu BusinessLine

IMF raises India’s growth projection to 12.5% for FY22 April 06, 2021 In January, IMF’s projection for current fiscal was 11.5 per cent.   -  istock.com/siraanamwong× Country’s strong show seen boosting ‘Emerging and Developing Asia’ group The International Monetary Fund (IMF) has upped its growth projection for India by one percentage point for the current fiscal that started on April 1. Even for the next fiscal, it has revised the projection upwards. According to the latest edition of the World Economic Outlook (WEO) released on Tuesday, India is projected to grow at 12.5 per cent during the current fiscal (FY 2021-22). This is the highest not just among emerging economies, but also in the group combining advanced economies. In fact, India will be the only country that is estimated to register double-digit growth. For FY 2020-21, the IMF estimates the GDP to contract by 8 per cent.

India well-armed to combat downside risks posed by surge in Covid cases

‘India well-armed to combat downside risks posed by surge in Covid cases’ April 05, 2021 × India is emphasising on a five-fold strategy to curb the tide of new cases, says Finance Ministry report The Finance Ministry, on Monday, expressed confidence of ‘combating any downside risk’ arising out of the second wave of Covid. “As the vaccination drive continuously upscales in India and guided by the learnings of India’s successful management of pandemic during its first wave, India is now well-armed to combat any downside risk posed by the recent surge in Covid-19 cases. With the end of a challenging FY21, the crest of a brighter and self-reliant FY22 awaits India,” said a monthly report prepared by the Economic Affairs Department of the Finance Ministry.

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