India’s economy, along with the rest of the world, has been severely affected by the Corona epidemic and the Lockheed. With the opening of all sectors and the start of economic activity, the country’s financial situation is slowly returning to normal. The International Monetary Fund (IMF) said on Tuesday that the Indian economy would grow faster in the next financial year. The country’s economic growth is projected to grow by 11.5 percent. India is the only country with a large economy in the middle of the epidemic that will see double-digit growth.
The assessment was made by the IMF on Tuesday in the latest data from the World Economic Outlook. The country’s economy has seen record and historic declines in 2020 due to the corona epidemic.
According to the IMF, the Indian economy will grow by 11.5 per cent in 2021 and will be the only country with a large economy to double its growth rate. The second will be China. Neighboring countries are projected to grow at a rate of 8.1 percent. The IMF predicts that Spain will be 5.7 percent and France 5.5 percent.
Amending its forecast for 2020, the IMF said the Indian economy could shrink by 8 percent. In a large country, China’s growth rate alone could be 2.3 percent. The IMF also said that by 2022, India would grow at a rate of 6.6 per cent and China could grow at a rate of 5.6 per cent.
Image Source : Economic Times