The International Monetary Fund (IMF) maintains India’s growth forecast for 2021 at 9.5% after falling 3 percentage points from 12.5% in July following the severe second wave of the COVID-19 pandemic in India. In its latest World Economic Outlook (WEO) report of October 2021, IMF expects India's economy, which shrank...
IMF: India's Economy Leads in Growth
In its annual assessment of the Indian economy, the International Monetary Fund said, "India’s economy is picking up and growth prospects look bright. As one of the world’s fastest-growing economies—accounting for about 15 percent of global growth—India’s economy has helped to lift millions out of poverty. "The authorities have initiated...