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India’s Economic Growth to be at 9.5% for FY22--IMF

Published on July 28, 2021
Current Context: The International Monetary Fund (IMF) has reduced the economic growth forecast for India in its recent projections by 300 basis points.
India’s Economic Growth to be at 9.5% for FY22--IMF
  • As per IMF, India’s economic growth is to be at 9.5% for the current financial year of FY22.
  • Earlier, it had estimated economic growth of 12.5% for the same.
  • The reason behind the downward projection for economic growth stated by IMF was the lack of access to vaccines and the possibility of renewed waves of coronavirus.
  • For FY23 (2022-23), IMF has estimated the GDP of India at 8.5%.
  • Static Part: 
    • HQ of IMF: Washington, D.C. U.S.
    • MD and Chairman of IMF: Kristalina Georgieva
    • Chief Economist of IMF: Gita Gopinath

Question: 

Q.1 As per IMF, India’s economic growth to be at ___% for FY22?
a. 12.5%
b. 8.5%
c. 10.5%
d. 9.5%
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