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Normalisation of economic activities over couple of months: Gita Gopinath

Normalisation of economic activities over couple of months: Gita Gopinath The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said BusinessToday.In | April 7, 2021 | Updated 12:55 IST IMF Chief Economist Gita Gopinath Ahead of the annual spring meeting of the International Monetary Fund (IMF) and the World Bank, IMF Chief Economist Gita Gopinath acknowledged there is evidence of normalisation of economic activities in India. The evidence we were getting in the last couple of months in terms of the normalisation of economic activity, Gopinath said. The change in the 2021 forecast for India is minuscule compared to earlier projections, the IMF chief economist said. In the case of India, we have a pretty small change. It s a 1 percentage increase for growth for 2021. This came in with high frequency, Gopinath said.

Evidence of normalisation of economic activity in India: IMF chief economist

Evidence of normalisation of economic activity in India: IMF chief economist PTI Washington | Updated on For 2021, IMF has predicted a growth of 12.5%, and 8% for 2022 There is evidence of normalisation of economic activities in India, chief economist of the International Monetary Fund has said. On Tuesday, the IMF projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic. “The evidence we were getting in the last couple of months in terms of the normalisation of economic activity.,” IMF’s chief economist Gita Gopinath said ahead of the annual spring meeting of the IMF and the World Bank here.

Indian Economy to Grow at Historic 12 5 Percent But COVID Wave Concerning : IMF

UNITED NATIONS – India s economy is projected to grow at a historically high level of 12.5 percent this fiscal year, but the International Monetary Fund s Indian American 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 normalization of economic activity, she said at the release of the World Economic Outlook report April 9 in Washington. These numbers precede the current wave of the virus, which is quite concerning, she added. With the unprecedented growth rate projection of 12.5 percent not seen in modern times, India also regains its status as the world s fastest growing economy, according to the WEO.

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