IMF predicts India’s growth rate to reach 11.5 per cent by 2021

stock exchange, pay, trading floor

The International Monetary Fund (IMF) predicted that India’s economy is likely to recover rapidly from the Covid crisis. Despite the economic crisis, the country is expected to achieve double-digit growth this year. According to the IMF, India’s growth is expected to reach 11.5 per cent by 2021.

IMF has predicted a growth rate of 8.1 per cent for China, 7 per cent for Malaysia, 6 per cent for Turkey, 5.9 per cent for Spain, 5.5 per cent for France and 5.1 per cent for the US.

In 2020, India’s GDP was 8 per cent. However, the growth rate was expected to be 10.3 per cent.

The agency has released its prediction considering issues including the supply and the export of Covid vaccine.

Scroll to Top