Published: 4th May, 2020
International Monetary Fund (IMF) has said India and China are the only two major countries, which will register a positive growth rate despite Coronavirus pandemic.
- International Monetary Fund (IMF) has said India and China are the only two major countries, which will register a positive growth rate despite Coronavirus pandemic.
- In its latest edition of World Economy report, IMF has projected India's GDP growth to be 1.9 per cent in 2020 from 5.8 per cent in January. For China, it has projected a growth rate of 1.2 per cent.
- Despite global economy hitting the worst recession since the Great Depression of 1930s, India and China are likely to bounce back strongly in 2021 with India expected to grow at 7.4 per cent and China at 9.2 per cent.
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