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IMF projects 11.5% growth rate for India in 2021, only economy to record double digit growth

Austin 3:!6

By Austin 3:!6
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Austin 3:!6 Grand Master

Austin 3:!6

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In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021.

 

The International Monetary Fund's growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the economy, which is estimated to have contracted by eight per cent in 2020 due to the pandemic.

In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.

China is next with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent).

Revising its figures, the IMF said that in 2020, the Indian economy is estimated to have contracted by eight per cent. China is the only major country which registered a positive growth rate of 2.3 per cent in 2020

 

https://www.hindustantimes.com/business/imf-projects-11-5-growth-rate-for-india-in-2021-101611667157932.html

WASHINGTON: The International Monetary Fund (IMF) on Tuesday ..
 
WASHINGTON: The International Monetary Fund (IMF) on Tuesday ..
 
diga Grand Master

diga

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Double digit inspite of the road blocks & protests by Libtards.. Economy by itself is resilient and will bounce back. Only question is if it can sustain the pace with respect to population growth & increase in aspirations?

coffee_rules Grand Master

coffee_rules

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Here's IMF's Gita Gopinath on the farm bills :vroam:

 

https://indianexpress.com/article/india/indias-new-agri-laws-have-potential-to-raise-farm-income-social-safety-net-needed-imf-gopinath-7163612/

 

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India’s new farm laws have potential to raise farm income: IMF Chief Gopinath

"These particular farm laws were in the area of marketing. It was widening the market for farmers. Being able to sell to multiple outlets besides the Mandis without having to pay a tax. And this had the potential to raise, in our view, farmers' incomes", IMF Chief Economist Gita Gopinath said.

 

Austin 3:!6 Grand Master

Austin 3:!6

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Here's IMF's Gita Gopinath on the farm bills :vroam:
 
https://indianexpress.com/article/india/indias-new-agri-laws-have-potential-to-raise-farm-income-social-safety-net-needed-imf-gopinath-7163612/
 

India’s new farm laws have potential to raise farm income: IMF Chief Gopinath

"These particular farm laws were in the area of marketing. It was widening the market for farmers. Being able to sell to multiple outlets besides the Mandis without having to pay a tax. And this had the potential to raise, in our view, farmers' incomes", IMF Chief Economist Gita Gopinath said.

 
Here is her interview with NDTV. Can anyone tell me why is the anchor so upset with India's GDP growth? :hmmm:





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coffee_rules Grand Master

coffee_rules

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5 minutes ago, Austin 3:!6 said:

 
Here is her interview with NDTV. Can anyone tell me why is the anchor so upset with India's GDP growth? :hmmm:
 

 

 

 


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That’s NDTV, I won’t click on it and give them extra hits , I’d imagine SJain asking how dare give us such high positive  although it is a composite of 2 years, as if we don’t know. 

G_B_ Grand Master

G_B_

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I feel growth will be much better than -8% this fiscal

 

Growth will be less than 11% next fiscal.

 

2022 me thinks growth will be more than 7%

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