IMF

Photo: The Jakarta Post

IMF Forecasts 12.5% Growth For India; Stronger Than China's 8.6%

The International Monetary Fund has projected India’s growth rate higher than China for 2021. Extrapolating India’s growth at 12.5% for this year, the Washington-based body expected Indian economy to grow at 6.9% in 2022. Moreover, projecting 8.6% growth rate for China in 2021, the IMF, in its World Economic Outlook report estimated 5.6% growth for dragon in 2022. Interestingly, China was the only country to have positive growth rate in 2020.

Wed, 07 Apr 2021 - 12:51 PM / by Nikita Thakur

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