- On April 19, 2022, the International Monetary Fund (IMF) published 'World Economic Outlook Update, April 2022'.
- According to this, the global growth rate has been estimated at 6.1 percent in the year 2021, which is estimated to be 3.6 percent in the year 2022 and 2023.
- In this report, India's growth rate has been estimated at 8.9 percent in the year 2021.
- Which is estimated to be 8.2 percent in the year 2022 and 6.9 percent in the year 2023.
- Among the BRICS countries, the highest growth rate in the year 2022-23 has been estimated for India (8.2% and 6.9%) respectively.
- It is followed by China (4.4% and 5.1%), Russia (8.5% and 2.3%), Brazil (0.8% and 1.4%) and South Africa (1.9% and 1.4%).
- The Indian economy is expected to grow faster than other major emerging economies.
- The growth rate of advanced economies has been estimated at 5.2 percent in the year 2021, which is projected to be 3.3 percent in the year 2022 and 2.4 percent in the year 2023.
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Economics
