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India’s growth rate is forecast to hit 12.5% in 2021, according to the IMF

India China Washington people personality positive
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The IMF forecasted an ambitious 12.5 percent growth rate for India in 2021, higher than China’s, which was the only global economy to have a positive trend during the COVID-19 pandemic last year.

In its yearly World Economic Outlook, released ahead of the World Bank‘s annual Spring meeting, the Washington-based international financial institution predicted that the Indian market will rise by 6.9% in 2022.

The International Monetary Fund (IMF) predicted an ambitious 12.5 percent annual growth for India in 2021, despite the fact that the financial system collapsed by a record eight percent in 2020.

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