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.