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Economic Buzz: IMF Expects Double Digit Growth For Indian Economy

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The International Monetary Fund (IMF) on Tuesday upgraded its gross domestic product (GDP) projection for India to 12.5% in FY22, the highest growth rate estimated for any country this fiscal in its latest World Economic Outlook update.

The estimate is 1% higher than its earlier forecast. The growth in next fiscal is likely to moderate to 6.9%, stated the IMF.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, April 07 2021. 09:02 IST