The International Monetary Fund (IMF) remains confident in GDP growth in India. India’s economy is expected to grow at 9.5% in 2021 and 8.5% in 2022, according to the latest figures released by the IMF on Tuesday. It is clear that the IMF has retained their initial estimates released in July this year, albeit a 1.6% low compared to April figures. Tell us that the economy fell by 7.3% in 2020-21.
According to a recent WEO released at the annual meeting of the IMF and World Bank, global growth is expected to be 5.9% in 2021 and 4.9% in 2022. The US estimates it is growing at six percent this year and 5.2% next year.
According to the forecast, China’s economy could grow at a rate of 8% in 2021 and 5.6% in 2022. IMF chief economist Gita Gopinath said the forecast for global growth in 2021 had changed slightly to 5.9% compared to July. is unchanged at 4.9% of 2022.