The International Monetary Fund (IMF) said on Tuesday that India’s economy is likely to jump by a record 11.5 per cent in the next financial year. In the midst of the epidemic, India will be the only country to achieve double digit growth rates in major economies, the IMF said.
The World Economic Forum update released by the IMF on Tuesday predicted a rapid recovery in the Indian economy, with the country’s economy experiencing a record slowdown and a 8 per cent contraction in 2020 due to the corona epidemic.
The IMF says India’s economy is set to grow to 11.5 per cent by 2021 and is the only country with double digits in larger economies. The next number is from China, for which the speed is estimated at 8.1 per cent. It is followed by Spain (5.9%) and France (5.5%).
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