IMF forecasts fastest 11.5% growth in upcoming financial year

The Indian economy is expected to recover significantly in the coming financial year. The International Monetary Fund (IMF) has shown this in its latest World Economic Outlook report. The IMF expects India’s economy to grow at the fastest pace of 11.5 per cent for the coming financial year. 

The IMF has projected India’s GDP growth to be (-) 8 percent for the current financial year. Earlier the IMF had projected GDP growth rate of (-) 10.3 per cent for the current financial year. Also, the IMF has expected India’s GDP to grow at 6.8 per cent for the fiscal year beginning in April 2022.

In this way, India can become the fastest growing country in 2021. Earlier the IMF in its report released in October had projected a growth rate of 8.8 per cent for the coming financial year.