(Video) Rajya Sabha TV (RSTV) The Big Picture: Economy - Marching Ahead

(Video) Rajya Sabha TV (RSTV) The Big Picture: Economy - Marching Ahead

Topic: Economy - Marching Ahead

Guest:

  • Abhinav Prakash, (Assistant Professor of Economics, University of Delhi)
  • Prof. Charan Singh, (CEO, EGROW Foundation)
  • Ajay Shankar, (Former Secretary, DIPP, Ministry of Commerce & Industry)

Topic Description:

The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic. The International Monetary Fund's growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the economy, which is estimated to have contracted by eight per cent in 2020 due to the pandemic. Revising its figures, the IMF said that in 2020, the Indian economy is estimated to have contracted by eight per cent. China is the only major country which registered a positive growth rate of 2.3 per cent in 2020. India’s economy, the IMF said, is projected to grow by 6.8 per cent in 2022 and that of China by 5.6 per cent. With the latest projections, India regains the tag of the fastest developing economy of the world.

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Courtesy: RSTV