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IMF ups India’s FY22 GDP growth forecast to 12.5 per cent

The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery.

The IMF forecast pitches India as the fastest-growing major economy and the only one expected to record a double-digit recovery from pandemic-hit 2020. China’s economy is seen growing 8.4% in 2021 and 5.6% in 2022.

"For the Emerging and Developing Asia regional

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