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IMF Downgrades India's Growth Projection To 9.5% From 12.5% For 2021-22
27 Jul 2021, 06:48 PM IST i

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RBI also lowered the country's gross domestic product projection to 9.5 per cent
These projections could mean that India lost over 10 percent of GDP in the two COVID years. Had there been no pandemic, then the normal growth would have been about six per cent a year. The pandemic has set back India's GDP for these two years by about 10.9 per cent, if the IMF projects turns out to be the case.
However, for the next fiscal 2022-23, IMF revised the economic growth for India up from 6.9 per cent to 8.5 per cent it...
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