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… read-more
Tags: IMF, Growth, China, India, World Economic Outlook
Courtesy: The Tribune
Photo: Mettis Global News
IMF Suggests Postive Signs For Indian Economy; Hints Gradual Revival
The International Monetary Fund ahead of the Spring meeting with the World Bank has apprised that the Indian economy is en route to gradual revival. Remarkably, in a first since the pandemic's advent, India's economy, through advancements in gross, fixed capital formation, witnessed substantive GDP growth and improved performance in the fourth quarter of 2020. Moreover, the IMF spokesperson Gerry Rice suggested that although high-frequency… read-more
Tags: IMF, Indian Economy, GDP growth, World Bank, Covid-19, Lockdown
Courtesy: The Indian Express
Photo: The Economic Times
IMF Expert Projects 11.5% Growth In Indian GDP By 2021; Targets $5 Trillion Economy
The International Monetary Fund has projected a growth of 11.5% in the GDP of India for the year 2021. The growth will support India firmly in reaching its target of $5 Trillion economy. Moreover, the IMF in its World Economic Outlook expects much better growth in the Indian economy as compared to china (8.1%). Wishing luck for the projections, Commerce and Industry Minister Piyush Goyal termed India as "Bright start in the Global Market".… read-more
Tags: India, GDP, 5 Trillion Economy, IMF
Courtesy: The Times of India
Photo: NDTV
IMF Chief Hails India's Efforts Towards COVID-19, Economic Recovery
Lauding India’s strategies against the COVID-19 pandemic, the International Monetary Fund (IMF) has hailed the country's "decisive steps" taken to tackle the economy. The IMF chief Kristalina Georgieva, during the global media roundtable, stated that India has managed to do a good job despite of high population. Kristalina said that with "targeted restrictions" and other timely steps, India has performed "slightly above" than the average 6%… read-more
Tags: IMF, Kristalina Georgieva, Covid-19, India
Courtesy: Times of India
Photo: Business Today
IMF Predicts Rebound In Indian Economy In 2021; Over 10% Dip In 2020
International Monetary Fund's 'World Economic Outlook' report has suggested that Indian economy is likely to have a positive growth of 8.8% in 2021 after a contraction of 10.3% in 2020. It indicated the similar trend for other countries as well with US economy expected to grow by 3.9% in 2021 after contracting 5.8% this year. However, the report suggested that only China showed a growth of 1.9% in 2020.
Tags: IMF, India, United States Of America, China, Economy
Courtesy: The Times Of India