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.