IMF economist Geeta Gopinath said- “Economic activities in India are normal …”

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IMF Chief Economist Geeta Gopinath has said that there is evidence of normal economic activity in India, the International Monetary Fund (IMF) on Tuesday predicted a growth rate of 12.5 percent for India in 2021, which is stronger than this was. China is the only major economy with a positive growth rate last year during the COVID-19 epidemic.

“There is evidence in a few months of showing a generalization of economic activity,” said Geeta Gopinath, IMF chief economist ahead of the annual spring meeting of the IMF and the World Bank.

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In its annual World Economic Outlook, the IMF stated that the Indian economy is expected to grow 6.9 percent in 2022. In 2020, India’s economy declined by a record eight percent. On the other hand, compared to the initial estimates of this team, the change in 2021 forecast is very small, he said.

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“In the case of India, we have a very small change. This is a one percent increase for the growth of 2021. It came with a higher frequency,” she said.

The global economy grew by 4.3 percent last year during the 2009 global financial crisis, which is two-and-a-half times higher.

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