The International MF Funding Fund (IMF), while relying on India’s growth, has estimated that India’s GDP in 20121 could be 12.5 per cent. These figures are when the economy of the whole world including India is coming into recovery mode. At the same time, IMF spokesman Gerry Rice has also said that the Indian economy is on the path of gradual improvement and real GDP growth could be positive again in the fourth quarter of 2020. This would be the first time since the onset of the epidemic, and this is supported by an increase in gross, stable capital formation.
In fact, during the Corona period, Bharat Sanet had gone into the negative GDP of the whole world (except China). But India had achieved positive GDP in the last quarter, recovering fast. Factors that work in GDP growth are high frequency indicators, including PMI trade and mobility, are showing signs of continuous improvement. However, there have also been risks due to recent variants and locally applicable lockdowns.
Moody’s has also expressed confidence in India
Earlier, the rating agency Moody’s has also said that the demand of the country and abroad has improved after the relaxation of the restrictions in India. This has led to increased manufacturing output in recent months. “We estimate that private consumption and non-resident investment will increase in the next few quarters, which will improve domestic demand in 2021,” Moody’s said. Moody’s estimates that the actual growth rate of GDP in the calendar year of 2021 will be 12 percent.
