India to be fastest growing economy: IMF

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New Delhi : India will be the fastest growing major economy in the world in fiscal 2022, said the International Monetary Fund (IMF) on Tuesday.
India will also be the fastest growing economy in 2021 despite the IMF and the UN reducing India’s growth projections after the second Covid wave cut into the recovery momentum.
The IMF said India was forecast to grow at 9.5 per cent in 2021, which is nearly double the growth prospects for the US and Euro area. China was projected to grow by 8 per cent although with a base four times larger than that of India.

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