India to become world’s fastest-growing economy in 2022, says IMF ...News

The International Monetary Fund (IMF) expects India’s economy to bounce back strongly in the next fiscal year, with 11.5 percent growth. The forecast follows “a stronger-than-expected” recovery in 2020. This figure is an upward revision from the 8.8 percent growth the IMF had estimated in its last assessment in October. India is the only major economy forecasted to grow in double digits next year, and is expected to follow that up with the highest rise, at 6.8 percent, in the FY23 fiscal. “Notable revisions to the forecast include the one for India (2.7 percentage points for 2021 [FY22]), reflecting carryover from a stronger-than-expec

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