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IMF upgrades India's growth forecast to 12.5 percent in FY-2021: World Economic Outlook Report

IMF upgrades India's growth forecast to 12.5 percent in FY-2021 World Economic Outlook Report
IMF upgrades India's growth forecast to 12.5 percent in FY-2021: World Economic Outlook Report

IMF upgrades India's growth forecast to 12.5 percent in FY-2021: World Economic Outlook Report

According to the latest World Economic Outlook report, the International Monetary Fund (IMF) has upgraded its growth projection for India to 12.5 per cent for the Financial Year 2021-22.

The IMF has pegged India's GDP to grow 1 per cent higher than its previous report published in January this year.

About International Monetary Fund (IMF) 

  • Formation: 27 December 1945;  75 year ago
  • Headquarters: Washington, D.C. U.S 
  • Membership: 190 countries 
  • Managing Director (MD): Kristalina Georgieva  
  • Chief Economist: Gita Gopinath

Also Read: GST Revenue collection for March 2021 sets new record ₹ 1,23,902 lakh crore, all time high since implementation of GST - Finance Ministry

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