Expected growth of 12.5% for India but “ very severe downside risks” due to COVID wave: IMF

After an estimated contraction of 8% in the fiscal year that ended March 31, India is projected to grow at 12.5 % during the current year, settling down to 6.9% growth year (FY22/23), according to the World Economic Outlook (WEO): Managing Divergent Recoveries (Read More)