IMF Slashes India’s GDP to 4.8% in FY20; Global Growth Predicted at 2.9% in 2019
- The International Monetary Fund (IMF) released the World Economic Outlook (WEO) update on 20 January 2020.
- In its latest update, IMF has lowered India’s GDP growth rate to 4.8 percent for the current fiscal from 6.1 percent it projected in October World Economic Outlook (WEO).
India GDP as per IMF
- 2019-20: 4.8%
- 2020-21: 5.8%
- 2021-22: 6.5%
Global Growth as per IMF
- The Global growth is also slashed by 0.1 percentage point to 2.9 percent in 2019 compared with those in the October World Economic Outlook (WEO).
- 2019- 2.9% (-0.1%)
- 2020- 3.3% (-0.1%)
- 2021- 3.4% (-0.2%)
Points to Remember:
- The World Economic Outlook report is released by? IMF
- GDP growth of India for FY20, FY21 and FY22 by IMF January WEO?
- Global GDP as per IMF for 2019, 2020 and 2021?