IMF estimates India’s growth to -8% in FY21
On 26th January 2021, International Monetary Fund (IMF) has released an estimation regarding the Indian economy to contract by 8% in the current financial year 2020-21.
latest World Economic Outlook
- India’s GDP will boost 11.5% in the financial year 2021-22 as per IMF.
- In 2020, global growth will remain – 3.5%.
IMF Estimations for the global economy
- in 2021 – 5.5%
- in 2022 – 4.2%
About the IMF (International Monetary Fund) –
- Managing Director – Kristalina Georgieva
- Headquarters – Washington, US
- Formation – July 1944
Q.1 As per IMF, India’ GDP will be for 2021?
India’s GDP will be -8% in the financial year 2021 as per the IMF.
Q.2 Where is the Headquarters of IMF?
the Headquarters of IMF is located in Washington, United States.