Evidence of normalisation of India’s economic activity: IMF

Washington, April 7

There is evidence of normalisation of economic activities in India, IMF chief economist Gita Gopinath has said ahead of the annual spring meeting of the IMF and the World Bank here.

On Tuesday, the IMF projected an impressive 12.5% growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid pandemic. “The evidence we were getting in the past couple of months in terms of the normalisation of economic activity,” Gopinath said ahead of the annual spring meeting of the IMF and the World Bank here. — PTI

World Economic Outlook

• On Tuesday, the IMF projected an impressive 12.5% growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid pandemic
• In its annual World Economic Outlook, the Washington-based global financial institution said the Indian economy is expected to grow by 6.9% in 2022