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India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF official

Shortpedia

Content Team
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India, which is projected to grow at an impressive rate of 12.5% this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight per cent that it clocked during the COVID-19 pandemic in 2020, according to a senior IMF official. IMF Deputy Chief Economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy.