In 2020, India's economy was estimated to decline by eight percent, most likely due to the impact of the COVID-19 pandemic. Following the 2020 economic downfall, the Indian economy is projected to grow by 11.5 percent in 2021 and 6.8 percent in 2022, the strongest recovery among selected countries.
Overview of economic outlook growth estimate in 2020 in India, with projections for 2021 and 2022
Characteristic
Annual percent change of GDP
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The source states: "For India, data and forecasts are presented on a fiscal year basis and GDP from 2011 onward is based on GDP at market prices with fiscal year 2011/12 as a base year."
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IMF. (January 26, 2021). Overview of economic outlook growth estimate in 2020 in India, with projections for 2021 and 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1272576/india-world-economic-outlook-projections/
IMF. "Overview of economic outlook growth estimate in 2020 in India, with projections for 2021 and 2022." Chart. January 26, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1272576/india-world-economic-outlook-projections/
IMF. (2021). Overview of economic outlook growth estimate in 2020 in India, with projections for 2021 and 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1272576/india-world-economic-outlook-projections/
IMF. "Overview of Economic Outlook Growth Estimate in 2020 in India, with Projections for 2021 and 2022." Statista, Statista Inc., 26 Jan 2021, https://www.statista.com/statistics/1272576/india-world-economic-outlook-projections/
IMF, Overview of economic outlook growth estimate in 2020 in India, with projections for 2021 and 2022 Statista, https://www.statista.com/statistics/1272576/india-world-economic-outlook-projections/ (last visited August 24, 2024)
Overview of economic outlook growth estimate in 2020 in India, with projections for 2021 and 2022 [Graph], IMF, January 26, 2021. [Online]. Available: https://www.statista.com/statistics/1272576/india-world-economic-outlook-projections/