Washington, April 6
The IMF on Tuesday projected an impressive 12.5% growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid pandemic.
The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022.
Notably in 2020, India’s economy contracted by a record 8%, the International Monetary Fund (IMF) said as it projected an impressive 12.5% growth rate for the country in 2021.
China, on the other hand which was the only major economy to have a positive growth rate of 2.3% in 2020, is expected to grow by 8.6% in 2021 and 5.6% in 2022. — PTI
Provision of Rapid Antigen Test (RAT) kits should be made at...
Mohali SSP, SP other two members
CM Amarinder orders strict enforcement
The development comes as Haryana continues to report a stead...
Cyclone Tauktae has intensified into a ‘very severe cyclonic...