HomeNewsEconomyIMF estimates India’s growth to -8% in FY21

IMF estimates India’s growth to -8% in FY21

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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

FAQs:

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.


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