The international monetary fund predicts a whopping 11.5% growth rate for India for 2021! The International Monetary Fund(IMF) has predicted an impressive double-digit forecast for the Indian Economy in the fiscal year 2021.
The Indian Economy has bounced back sharply after the disaster economic disasters created by the Chinese Coronavirus pandemic lockdown. India was shut down like elsewhere in the world. But the brilliant management by the Narendra Modi-led government, the recovery is happening at a faster phase than imagined.
India has authorised the world’s largest Anti-Chinese Corona Virus Vaccine Program. Which aims to make 1.3 billion Indian Citizens immune to the Chinese Virus. Indian also became the largest producer of the Vaccine in the world with 1 billion COVID-19 vaccine production capacity.
Foreign Direct Investment (FDI) is also pouring into the country even in pandemic times. Making India the smartest destination to invest. Medical Tourism in India is also increasing due to India’s expertise in the medical industries. The Industrial group is also touching new rights year on year. India’s IMF forecast for GDP in 2020 was at -10%. But Indian GDP outperformed.
As per the latest forecast report released by the International Monetary Fund, India will surpass 11% GDP growth. At least 8% more than the rest of the world. IMF has forecasted 8.1% GDP growth for China, 4.5% for the United Kingdom, 5.1% for the United States, 3.5% for Germany, 5.5% for France, 4.2% for European Union, 3.0% for Russia.
India on the path to becoming the world’s largest exporter of the Corona Virus COVID-19 Vaccine. Once again to prove its dominance in Pharmaceuticals Industries.
