IMF upgrades its growth projection for India to 12.5 per cent for FY 2021-22

The International Monetary Fund (IMF) has upgraded its growth projection for India to 12.5 per cent for the Financial Year 2021-22. In its latest World Economic Outlook report, the IMF has pegged India's GDP to grow 1 per cent higher than its previous report published in January this year.  The Washington based International Financial Institution has projected a contraction of 8 per cent in the growth in the last fiscal while it has forecasted a growth of 6.9 per cent in the next financ...