China will not be able to keep pace with India's economic growth in 2021: IMF


Bangla Hunt Desk: Like the Corona epidemic, India's economy is in a state of disarray. The Indian economy is expected to fall 10.3 percent this year due to the corona. However, the IMF has made it clear that despite a slight decline this year, India will be at the top of the economy next year, ahead of China.

According to the IMF, India's economy is expected to grow by 7.6 percent in 2021. Which could leave China far behind and quickly reach the top of the economy. Meanwhile, China's economy is expected to grow by 7.2 percent in 2021.

According to a report presented before the meeting between the IMF and the World Bank, the global economy will fall by 4.4 percent in 2020, but will grow by 5.2 percent in 2021. The US economy is expected to fall 5.7 percent this year, in 2020. But next year, in 2021, the economy is likely to benefit 3.9 percent. While other countries' economies are moving at a stormy pace, China's growth will be only 1.9 percent.

According to a report by the IMF, India's GDP has fallen far more than expected. Despite a slight downturn in 2020, India's economy will grow exponentially in 2021. Earlier, the World Bank had projected a 9.7 per cent deficit in India's GDP this year.

Although the economies of countries like India and Indonesia have faltered this year in the interest of preventing the corona virus, it will be at the top again in 2021.