Evidence of normalisation of India’s economic activity: IMF Chief Economist Gita Gopinath

On Tuesday, the IMF projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic.

There is evidence of normalisation of economic activities in India, IMF Chief Economist Gita Gopinath has said ahead of the annual spring meeting of the International Monetary Fund and the World Bank here. On Tuesday, the IMF projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic. “The evidence we were getting in the last couple of months in terms of the normalisation of economic activity,” Gopinath said ahead of the annual spring meeting of the IMF and the World Bank here.