IMF slashes India’s FY22 growth to 9.5% from 12



NEW DELHI: The International Monetary Fund (IMF) on Tuesday cut India’s gross domestic product (GDP) growth to 9.5% for 2021-22, from its earlier estimate of 12.5%, citing the impact of the second wave on the economy and recovery process.


In its latest update to the World Economic Outlook, the IMF said growth prospects in India have been downgraded, following the severe second Covid wave during March–May and expected slow recovery in confidence from that setback.


“Faster-than-expected vaccination rates and return to normalcy have led to upgrades, while lack of access to vaccines and renewed waves of Covid-19 cases in some countries, notably India, have led to downgrades,” IMF chief economist Gita Goath said in a blog.

IMF首席经济学家Gita Goath在博客中表示:“快于预期的疫苗接种率和恢复正常促使上调,而一些国家(尤其是印度)缺乏疫苗和新一波疫情导致了下调。”

In countries with high vaccination coverage, such as the UK and Canada, the impact would be mild. Meanwhile, countries lagging in vaccination, such as India and Indonesia, would suffer the most among G20 economies, according to the World Economic outlook update. China is estimated to grow by 8.1% in 2021 and by 5.7% next year, while India is projected to grow by 8.5% in 2022-23. India still retains the tag of the fastest growing major economy.


IMF is the latest in a string of economists, brokerages, multilateral agencies, which have reduced India’s GDP growth estimates ag inst the backdrop of the second wave, which hurt the economy. The RBI now estimates GDP growth at 9.5% for 2021-22, lowering it from its earlier estimate of 10.5%.


The go nment expects growth to be robust for the current fiscal and experts say impact of the second wave is likely to be limited to the April-June quarter with some possible spillover to July. The global economy is projected to grow 6% in 2021 and 4.9% in 2022. The 2021 global forecast is unchanged from the April 2021 WEO, but with offsetting revisions.

印度政府预计,在当前财政状况下,经济增长将保持强劲。专家表示,第二波疫情对增长的影响可能仅限于4 - 6月这一季度,可能会在7月产生溢出效应。预计2021年全球经济将增长6%,2022年将增长4.9%。2021年全球预测与2021年4月《世界经济展望》持平,但进行了抵消性修正。



Another masterstroke by Modi Sarkar. Looks like his beard his doing wonders finally



Raj Arvind

even 9.5% don't seem realistic even for largely optimistically minded people.



abhishek sharma

Anti Nationalist IMF.



John The Rice Bag

Uneducated FEKU is planning to ban the IMF app ....not knowing that there is no such app



Iqbal S Kapasi

IMF doesn't know modi-shah and their capabilities, modi-shah can turn a projected GDP growth of 9.5 % to minus 9.5%, Never underestimate the power of the uneducated.



PStokes S

Modi Ji promised Achhe din, that means minimum 12.5% .  indias massive financial achivemnets. Total amount of Black money is now back to India.




Modiji,i request you to attack IMF HQ ASAP.Send rafale-tanks-missiles and do another nebandi



Rajiv Jhaveri

Now Modi will raid the offices of IMF



John The Rice Bag

Bring back Manmohan Singh and Raghuram Rajan..... they will set things in 3 months, cos they are educated.....



John The Rice Bag

Bhakts will now cm that IMF headquarters is in Islbad

印度人现在会宣称国际货币基金组织的总部在伊 斯兰堡


Deepak Soni

Oh really This is impossible as long as Narendra Modi and Go nment is in charge of the affairs . Nirm Sitharn shall never allow GDP to grow positively . All the efforts have been successfully made by her to keep GDP in negative .



Dr Vidyadhar Yellutla

Pappu piddys who were once critical about IMF as Modi voice will now jump into and become self appointed economic experts for few hours



Patriotic Indian

"if modi becomes PM, it would be disastrous for india :- dr. manmohan singh ! how he was when he predicted this !





If Feku panauti continues, we should consider ourselves lucky if GDP reaches -9.5% from -25%

5 Trillion was Jumla



Dr Bajrang Thakur MD

Bangladesh GDP Rose because 1700 manufacturing units were moved from China to Banglaesh. Vietnam economy accelerated due to growth in exports, and here we have this clown who is busy snoo is own people, opposition and everone he thinks is threat.... Modi is always in opposition mode waiting for the next ions.



HappyTimes User

FEKU Modi is a big panouti. So long he's there India will not do well in any sphere including Olympics. Panouti ko baghao.



Mad Joy

all these forecasts are bs .. let the actual results come out



Prateek Singh

So in short no V shape rebound from economic col pse!!




There is no surprise in this news. During Covid period this is all expected only, Opposition will play po itics , fooling people criticising the central Govt. We need to good and knowledgeable leaders




Remove incompetent nirm bai and make Subrnian swamy or Raghuram Rajan Finance Minister.



Dr Vidyadhar Yellutla

Given with the circumstances, anything above 7% its good rate.


三泰虎原创译文,禁止转载!:首页 > 印度资讯 » IMF将印度经济2022财年的增长率从12%下调至9.5%