India to grow 1.9%, global eco to shrink 3%: IMF

The latest IMF forecast puts India as one of the fastest growing major economies even in the midst of the Covid-19 devastation, although it will be the slowest pace of expansion since the 1991 balance of payments crisis. IMF said China is expected to grow by 1.2% in 2020-21 and rebound to 9.2% next year. The Indian economy too is projected to expand at 7.4% next fiscal as the impact of Covid-19 is contained.

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