IMF says India's growth rate could top 7% in 2021 if coronavirus outbreak is brought under control
If India can bring the coronavirus outbreak under control, its growth rate could bounce back to over 7% again in 2021, according to the International Monetary Fund's mission chief for India.— that will make it one of the few major economies, alongside China, expected to register an expansion despite the pandemic grinding large swathes of industries worldwide to a halt.
That forecast builds on the assumption that several things need to happen first — even as large uncertainties linger, Ranil Salgado told CNBC's ""That's based on a control of the pandemic, first of all, ending the lockdowns, and then stimulus that is already in India, in terms of monetary policy, and some initial steps on fiscal policy as well," he said.
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