India Pips Major World Economies As IMF Projects 8.5% Growth In GDP For 2022

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India Pips Major World Economies As IMF Projects 8.5% Growth In GDP For 2022

#IMF #GDP #India'sGDP #Economy #India #RepublicTV

The International Monetary Fund (IMF) has projected India to be the world's fastest-growing economy in 2022. According to the World Economic Outlook, India is expected to grow by 9.5% in 2021 and 8.5% in 2022, thus retaining its GDP growth rate irrespective of other major world economies.

Unveiling the latest data on Tuesday, the IMF said that New Delhi's financial plan predictions were constant with accomplishing the Reserve Bank of India's (RBI) inflation target. India's central bank and regulatory body under the jurisdiction of the Ministry of Finance has also maintained its GDP growth target for this year at 9.5%.

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