IMF revises growth rate for India in 2022-23 to 8.2 percent
The International Monetary Fund has estimated that India’s growth rate may be 8.2 in the financial year 2022-23. Despite revising the growth rate for India by 80 basis points it is still a positive because India is far ahead of what it estimates about America and China. According to the IMF, the impact of the Corona epidemic and the Ukraine-Russia war can have a negative effect on America’s economic growth.
According to the IMF, the growth rate of America in the current financial year is estimated to be 3.7 percent. At the same time, about China, the International Monetary Fund estimates that China’s growth rate can be up to 4.4 percent. According to the IMF’s estimate about the Eurozone, its growth is expected to be between 2.8 to 3.9 percent.
One thing looks very interesting in the estimates made by the IMF. That is, China seems to be beating America in the path of economic growth. If we talk about China itself, then new cases are continuously coming up there. Corona cases are increasing continuously in Shanghai, which is called the financial hub of China. Because of this, Shanghai is still in the grip of lockdown.
