New Delhi: India is projected to maintain the fastest growing economic tag in the world with the International Monetary Fund (IMF) estimates 8.5 percent growth for 2022.
In a report on the economic outlook for the latest world, the IMF said on Tuesday, the IMF said that the Indian economy It is estimated that it will grow by 9.5 percent by 2021 and 8.5 percent the following year.
The announcement came as a positive sign for the recovering economy from the decline created by Pandemic Covid-19.
In FY21, the economy has witnessed a negative growth of 7.3 percent, for almost 40 years.
India also witnessed its first technical recession last year with two consecutive quarters of negative growth after national locking to curb the spread of Covid-19 pandemic.
However, with declining cases, economic activities in this country gradually regained the rate with the economy to witness a record of 20.1 percent rising in gross domestic product (GDP) in Q1 FY22.
Growth can be largely associated with low basic effects and the resumption of business activities.
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