IMF revises India’s growth projection to 11.5 per cent in 2021

IMF revises India’s growth projection to 11.5 per cent in 2021

The IMF projected an 11.5 per cent growth rate for India in 2021. It makes India only major economy of the world to register double-digit growth this year amidst the coronavirus pandemic. With the latest projections, India regains the tag of the fastest developing economies of the world.

Revising its figures, the IMF said that in 2020, the Indian economy is estimated to have contracted by eight per cent. In its latest World Economic Outlook Update, China is next with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent). IMF said India’s economy is projected to grow by 6.8 per cent in 2022 and that of China by 5.6 per cent.

 

Leave a Reply

S&P BSE SENSEX  ^BSESN 
₹ 47,883.38  ₹ 1.00  -3.44%  
NIFTY 50  ^NSEI 
₹ 14,310.80  ₹ 524.05  -3.53%  
NIFTY BANK  ^NSEBANK 
₹ 30,792.00  ₹ 1.00  -5.10%  
USD/INR  INR=X 
₹ 75.06  ₹ 0.3400  0.45%  
GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail Just In:- CBDT Issue clarification Knowledge is Power! Latest Post