October 21, 2020

24X7 News Guru

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IMF cuts India’s growth forecast for 2020

The International Monetary Fund (IMF) on Tuesday projected the Indian economy to contract by 10.3 per cent in the current fiscal amidst the ongoing coronavirus pandemic. However, the IMF noted that India may grow at an impressive rate of 8.8 per cent in 2021 -- surpassing China's projected rate of 8.2 per cent -- thereby regaining position as the fastest growing emerging economy....

The International Monetary Fund (IMF) on Tuesday projected the Indian economy to contract by 10.3 per cent in the current fiscal amidst the ongoing coronavirus pandemic. However, the IMF noted that India may grow at an impressive rate of 8.8 per cent in 2021 — surpassing China’s projected rate of 8.2 per cent — thereby regaining position as the fastest growing emerging economy.

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