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
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.
It is a more turbulent global landscape than a few months ago. I look forward to releasing our next #WEO (projections, risks & policy priorities) along with Deputy Director Petya Koeva Brooks & Division Chief Malhar Nabar. Do join us on October 12, 9am ET. https://t.co/XpbWIsiceI https://t.co/qiLW2sHO1J
— Gita Gopinath (@GitaGopinath) October 10, 2021
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.