New Delhi: India's economy seems to be recovering from the coronavirus epidemic. The vaccination drive is also having a positive impact. In view of this, the International Monetary Fund (IMF) has estimated that India's GDP will move forward at a pace of 9.5 per cent in the current financial year and 8.5 per cent in the next fiscal, which will be the fastest in the world.
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IMF Projections: 2022
— IMF (@IMFNews) October 12, 2021
USA????????: 5.2%
Germany????????: 4.6%
France????????: 3.9%
Italy????????: 4.2%
Spain????????: 6.4%
Japan????????: 3.2%
UK????????: 5%
Canada????????: 4.9%
China????????: 5.6%
India????????: 8.5%
Russia????????: 2.9%
Brazil????????: 1.5%
Mexico????????: 4%
KSA????????: 4.8%
Nigeria????????: 2.7%
S. Africa????????: 2.2%https://t.co/j0FIiCr9li #WEO pic.twitter.com/SLNNQqHyt1
Releasing the World Economic Outlook Report, IMF said that the growth of the entire world economy will be 5.9 per cent this year and 4.9 per cent next year. Apart from this, India's economy will grow much faster. Citing Corona in July, the global agency had reduced India's GDP growth forecast from 12.5 per cent to 9.5 per cent. IMF Chief Economist Geeta Gopinath has appreciated India's efforts. He has linked the boom in the economy to corona vaccination and said that corona vaccination has taken place very fast in India, which has helped recover the economy.
According to IMF, the US economy is growing at a pace of 6 per cent this year, which could be 5.2 per cent next. The Chinese economy, which is growing at 8 per cent in the current fiscal, is likely to decline to 5.6 per cent in 2022.
