Explaining the green shoots of India’s economic recovery in 4 charts

Propelled by a strong recovery in its manufacturing and services sector, India will likely be the fastest growing among major economies in the world, according to the International Monetary Fund.

Propelled by a strong recovery in its manufacturing and services sector, India will likely be the fastest growing among major economies in the world, according to the International Monetary Fund.

“There is resilience in the Indian economy,” the IMF’s chief economist, Gita Gopinath, told India Today. The Indian economy, which contracted by 7.3 per cent in FY21 due to the pandemic, is expected to grow at 8.5 per cent in FY23, according to the IMF's latest World Economic Outlook report. "Recovery is being seen in the manufacturing and services sector and that would help in generating employment in India," Gopinath said.