India's economic growth rate to be 11.5 in 2021: IMF forecast

New delhi date. 27 January 2021, Wednesday

Given the impact of the corona virus and lockdown in the country, the IMF has projected India's economic growth to be 11.5 per cent in 2021. Despite the Corona virus epidemic, India is the only country whose economic growth rate is likely to be in double digits.

The International Monetary Fund (IMF) on Tuesday released its growth figures. These figures indicate the possibility of a resurgence in the economy. The year 2020 saw an 8 per cent decline due to the epidemic.

According to the current report of the IMF, the growth rate is projected to be 11.5 in the year 2021. In 2021, China's growth rate will be second with 8.1 percent. This will be followed by Spain at 5.9 per cent and France at 5.5 per cent.

According to IMF research, India's economy grew by 8% in 2020. While China was the only country with a growth rate of 2.3 percent.

According to the IMF, India's economic growth is projected at 6.8 per cent and China's at 5.6 per cent in 2022. With this estimate, India has achieved the title of the fastest growing economy in the world.

Earlier this month, IMF Managing Director Kristelin Georgieva said India had in fact taken decisive steps to combat the epidemic and its economic effects. India has the same population and the way people live in it. Lockdown is a big step in that direction. Yet India imposed strict sanctions and lockdowns.

"India has taken the right steps for the economy," he said. If you look at the signs, Kovid has reached the East level in India today. That means the economy has remarkably recovered.