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Business Standard

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

Topics
India economy | India GDP growth | world economy

Indivjal Dhasmana  |  New Delhi 

Lockdown
A man pushes his cart across a deserted road of Paharganj market during the nationwide lockdown imposed in wake of the coronavirus pandemic, near New Delhi Railway Station in New Delhi. PTI

The International Monetary Fund (IMF) has cut its projection of India’s economic growth to 1.9 per cent for the current financial year, the lowest since the 1991 balance of payments (BoP) crisis. It had earlier forecast a growth rate of 5.8 per cent.

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First Published: Tue, April 14 2020. 18:04 IST

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