Indian economy to grow at historic 12.5%, but COVID wave ‘concerning’: IMF
Any elation over the historically high rate is, however, moderated by the fact of India's negative growth rate of 8 per cent during 2020-21.
By IANS| Posted by Minhaj Adnan | Published: 6th April 2021 8:24 pm IST
United Nations: India’s economy is projected to grow at the historically high level of 12.5 per cent this fiscal year, but the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath cautioned that the current wave of the pandemic “is quite concerning.”
The growth projection was raised on the basis of “evidence we were getting in the last couple of months in terms of the normalisation of economic activity,” she said at the release of the World Economic Outlook (WEO) report on Tuesday in Washington.