• In the month of April, the IMF had predicted growth of 1.9 percent for the FY21
• The IMF stated that the prolonged lockdown and slow recovery will lead to contraction in the GDP
• The IMF also forecasted India’s growth revival will be 6 percent in FY22
Asia’s third largest economy may witness a contraction of 4.5 percent in the Indian economy in FY21 said the Inte....
Tags : Indian economy, IMF, Ind-Ra, WEO, PM Modi, COVID-19 lockdown,