Washington: India is doing well to vaccinate its people and it certainly helps its economy. International Monetary Fund The global financial institution in its latest outlook has projected a growth rate of 9.5 per cent for India in 2021, the official said on Tuesday.
“We don’t have any change in our growth forecast for this year for India. I mean India came out of a very tough second wave and there was a big drop in July, but we don’t have any change (its in growth rate) estimates) so far,” Gita Gopinath, chief economist International Monetary Fund, told reporters during a virtual conference call on Tuesday.
India’s Growth Estimates Released by Latest World Economic Outlook This summer remains unchanged from its previous WEO update of July, but is down three percentage points in 2021 and 1.6 percent from estimates for April.
According to the latest WEO update, released ahead of the annual meeting of IMF and World Bank, India’s economy contracted by 7.3 percent year on year covid-19 pandemic It is expected to grow by 9.5 percent in 2021 and 8.5 percent in 2022.
The world is expected to grow at 5.9 per cent in 2021 and 4.9 per cent in 2022. The United States is projected to grow at six per cent this year and 5.2 per cent next year. China, on the other hand, is projected to grow 8 percent in 2021 and 5.6 percent in 2022, the IMF said.
Gopinath said that there are many challenges that Indian Economy Already in relation to the financial market, in relation to the fact that the virus is not gone yet.
“Indians are doing well vaccination rate And it’s definitely helpful,” Gopinath said in response to a question.
Malhar Nabar, head of the Department of World Economic Studies in the IMF’s research division that produces the World Economic Outlook (WEO), said there is still room to provide more aid if needed if the pandemic takes a turn for the worse. , to provide it. In a targeted manner to the worst affected families and firms.
“But going forward in the medium term, it was important to put in place a credible medium-term strategy to bring the debt to GDP ratio in place and meet the future growth needs and infrastructure needs of the Indian economy,” Nabar said. Said in response to the question.
“We don’t have any change in our growth forecast for this year for India. I mean India came out of a very tough second wave and there was a big drop in July, but we don’t have any change (its in growth rate) estimates) so far,” Gita Gopinath, chief economist International Monetary Fund, told reporters during a virtual conference call on Tuesday.
India’s Growth Estimates Released by Latest World Economic Outlook This summer remains unchanged from its previous WEO update of July, but is down three percentage points in 2021 and 1.6 percent from estimates for April.
According to the latest WEO update, released ahead of the annual meeting of IMF and World Bank, India’s economy contracted by 7.3 percent year on year covid-19 pandemic It is expected to grow by 9.5 percent in 2021 and 8.5 percent in 2022.
The world is expected to grow at 5.9 per cent in 2021 and 4.9 per cent in 2022. The United States is projected to grow at six per cent this year and 5.2 per cent next year. China, on the other hand, is projected to grow 8 percent in 2021 and 5.6 percent in 2022, the IMF said.
Gopinath said that there are many challenges that Indian Economy Already in relation to the financial market, in relation to the fact that the virus is not gone yet.
“Indians are doing well vaccination rate And it’s definitely helpful,” Gopinath said in response to a question.
Malhar Nabar, head of the Department of World Economic Studies in the IMF’s research division that produces the World Economic Outlook (WEO), said there is still room to provide more aid if needed if the pandemic takes a turn for the worse. , to provide it. In a targeted manner to the worst affected families and firms.
“But going forward in the medium term, it was important to put in place a credible medium-term strategy to bring the debt to GDP ratio in place and meet the future growth needs and infrastructure needs of the Indian economy,” Nabar said. Said in response to the question.
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