Washington: International Monetary Fund (IMF) chief economist Geeta Gopinath has said that there are signs that economic activities are beginning to normalize in India. It is noteworthy that the Monetary Fund has estimated Mangwar's economic growth in India to be a spectacular 12.5 percent in the current financial year. This rate will also be higher than China. China was the only major economy that has shown growth in 2020.
Before the summer annual meetings of the Monetary Fund and the World Bank, Geeta Gopinath said about India, "The evidence we have been getting for the last two months shows that economic activities are normalizing." The Monetary Fund in its report titled World Economic Outlook (Global Economic Outlook) has stated that India's economic growth will be 6.9 percent in the next financial year (2022-23).
The Indian economy is projected to have a record contraction of 8 percent in 2020-21, affected by the Kovid 19 epidemic. In response to a question, Gopinath said, "In respect of India, we have made a very mild amendment which is one percent for 2021-22. In the current financial year before the Mudra Kosh, India's GDP was projected to grow by 11.5 percent compared to 2020-21.