What is the projected growth rate of Gross Domestic Product (GDP) for India in 2021 as given by The International Monetary Fund (IMF) in April 2021?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 12.5%.
- The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5%
- The Fund expects world output to grow 6% in 2021 and 4.4% in 2022.
- The IMF forecast pitches India as the fastest-growing major economy and the only one expected to record a double-digit recovery from pandemic-hit 2020.