IMF Downgrades India's Growth Projection From 12.5% To 9.5% For 2021-22 | Read

PUBLISHED ON: July 27, 2021 | Duration: 3 min, 36 sec

  
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The International Monetary Fund (IMF) lowered India's growth projection from 12.5 per cent to 9.5 per cent for fiscal 2021-22 - down by three percentage points, following the severe second wave of COVID-19 pandemic in the country. For the current fiscal year, India witnessed the largest drop in growth projections made by IMF, even as the global economic growth rate remains the same at six per cent.
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