Day's development: India wrap in 24 hours

Indian economy to grow at 9.5% this year: IMF, Pak terrorist arrested in Delhi, Five terrorists killed in Kashmir, Covaxin shot recommended for kids in India, Domestic flights without capacity curbs from Oct 18

Day's development: India wrap in 24 hours
Clockwise: India’s growth projection released by the latest World Economic Outlook, expert panel on Tuesday recommended Covaxin for use on children between the ages of two and 18, Pakistani terrorist arrested in Delhi

Indian economy to grow at 9.5% this year: IMF

India’s economy, which contracted by 7.3% due to the Covid pandemic, is expected to grow by 9.5% in 2021 and 8.5% in 2022, according to the latest projections released by the International Monetary Fund (IMF) on Tuesday.

India’s growth projection released by the latest World Economic Outlook (WEO) did not change from the previous WEO update of July. But this is a three-percentage point decline in 2021 and a 1.6 percentage point drop from its April projections.