India's high growth rate positive news for world: IMF Managing Director
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has said a high growth rate for India, as projected in the latest World Economic Outlook, is not only healthy for the country but also positive news for the world.
The IMF, early this week, projected a fairly robust growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China’s 4.4 per cent. The global growth has been projected at 3.6 per cent in 2022, down from 6.1 per cent in 2021.
Georgieva stated India is one of the economies that are growing at a high rate. Even with the small downgrade, growth is projected for this year to be 8.2 percent. Healthy for India, but also positive in a world where growth slowdown is creating a major problem.
