India’s GDP forecast: India’s GDP to decline by 10.3% in 2020 Economy: IMF – India’s gdp to contract by 10.3% in 2020, to bounce back in 2021:

WORLD’S WORLD: The Coronavirus virus has hit the economy hard, with India’s GDP uptrending this year. The International Monetary Fund (IMF) estimates it will fall by 10.3 percent.

However, the country’s economy is set to rebound by 2021%. The IMF expressed confidence that it would see growth of 8.8%. With this, India will regain its status as the fastest growing economy. The World Economic Outlook report says China’s economy is expected to grow at a rate of 8.2 per cent, which India will overtake.

The report was released before the annual meeting of the IMF and the World Bank. The world economy is expected to fall by 4.4% in 2021, the agency said. The IMF said it would see 5.2 percent growth.

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This year, the US economy is expected to grow by half. It is expected to fall by 5.8 per cent, and is expected to grow by about 5 per cent next year. In its report, the IMF said it would grow 3.9 percent.

China is the only country where GDP growth is expected to increase in major economies this year. China’s GDP is expected to grow by 1.9% in 2020 with Corona’s office.

The IMF said the revision of the GDP forecast was India’s largest, due to declining GDP in the second quarter. The impact of the country’s economy on 20% Will fall 10.3 percent. India’s Growth Rate in 2019 4.2.

In the current financial year, the country’s GDP is estimated at Last week, the World Bank had forecast a 9.6 percent decline. The country’s economy is likely to collapse even more, the IMF said.