Question: What is the GDP Growth rate projected by the International Monetary Fund for India in the year 2021?
(a) 11.5 percent
(b) 8 percent
(c) 10 percent
(d) 12 percent
Answer: (a)
Related facts:
- The International Monetary Fund (IMF) projected an 11.5 per cent growth rate for India in 2021 in its latest World Economic Update.
- This projection makes India the only major economy of the world to register double-digit growth this year amidst the coronavirus pandemic.
- For 2020, IMF has projected Indian economy to contract by 8 percent.
- China is next fast growing economy with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent)
By-Amar Mani Upadhyay