1. home
  2. > business
  3. > IMF projects sharp contraction of 4.5% in Indian economy in 2020
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

IMF projects sharp contraction of 4.5% in Indian economy in 2020

Jun 24, 2020 20:18 IST

The IMF on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020. Citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, the IMF however said the country is expected to bounce back in 2021 with a robust six per cent growth rate. The International Monetary Fund projected the global growth at –4.9 per cent in 2020, which is 1.9 percentage points below the April 2020 World Economic Outlook forecast.

Business