Skip to content
Home » India may overtake China on the economic reform front, IMAF estimates

India may overtake China on the economic reform front, IMAF estimates

The IMF, the International Monetary Fund, has revised its estimates for January on the economic growth rate.

In January, the IMF estimated the Indian economy to grow at a rate of 7.5 per cent between 2021-22.

ALSO READ: Mamata Asking Muslims To Vote For Her, Reflects Minority Votes Slipping Away: PM Modi

The organization has now projected India’s economic growth rate to reach 12.5 percent in its annual global economic scenario for 2021-22.

ALSO READ: Saffron Production Declines, Fields And Growth Shrink In Kashmir

This is not only much better than the January estimates, but is also much higher than that of China. It has kept China’s projected economic growth rate at 8.6 percent during 2021-22.

Whereas China has been the only economic power among the top five economies in the world, whose growth rate has also been positive during the Corona transition in 2020.

ALSO READ: Foreign Ministers Of India And Pakistan Will Be Face To Face At Afghan Meet Today

Also Read:  Know about Dalit social reformers of India

China, on the other hand which was the only major economy to have a positive growth rate of 2.3 per cent in 2020, is expected to grow by 8.6 per cent in 2021 and 5.6 per cent in 2022.

Chief economist at IMF Gita Gopinath said: “We are now projecting a stronger recovery in 2021 and 2022 for the global economy compared to our previous forecast, with growth projected to be 6 per cent in 2021 and 4.4 per cent in 2022”.

ALSO read: What did opposition leaders say about ‘mistake’ of Nirmala Sitharaman’s ministry

According to the report, after an estimated contraction of –3.3 per cent in 2020, the global economy is projected to grow at 6 per cent in 2021, moderating to 4.4 per cent in 2022.

You can connect with Ground Report on FacebookTwitter and Whatsapp, and mail us at to send us your suggestions and writeups

%d bloggers like this: