High growth rates for India, as projected in the latest world economic outlook, are not only healthy for the state but also positive news for the world, the Director of the International Monetary Fund Christian Georgieva told a press conference on April 21 on April 21.The IMF recently projected “strong enough” growth of 8.2 percent for India in 2022, making it the fastest growing economy in the world, almost two times faster than 4.4 percent of China.
India is lifting the global economy
Observing India represents around seven percent of the total world economy in purchasing Power Parity Provisions (PPP), the Head of the IMF mission for India Choueiri Nada that India’s growth lifts the global economy and is very important for a well-functioning global economy.The successful macroeconomic management of the Covid-19 pandemic has resulted in a strong Indian economic recovery because the country is in a better position to deal with the economic downfall of the current Ukrainian crisis, “said Choueiri’s IMF mission head.
India is much better placed to face the Ukrainian crisis”Macroeconomic management Pandemi has resulted in a strong recovery even though recovery remains incomplete. So, India is in a much better place today to face the crisis of Ukrainian surprises rather than when Tantrum Taper. But the global economy is in a very difficult place This is because of the shock, “IMF official said.”We see good fiscal management to get something correctly, to create fiscal space, to respond to the direct population needs. We also see proactive monetary policies to respond to the needs of the financial system and the corporate sector to support liquidity needs during a pandemic,” Chouueiri said.
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