IMF projects 11.5% growth rate for India in 2021, only country with double digit growth

[FairAndUnbiased]

Those Indian talking heads in international bodies are actually doing more harm to India than help. They have been injecting heavy dose of hallucinogens into the head of already delusional Indians.

Copium overdose.

 

[ProudPak]

The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.

The International Monetary Fund’s growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the economy, which is estimated to have contracted by eight per cent in 2020 due to the pandemic.

In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.

China is next with 8.1 per cent growth in 2021 followed by Spain (5.9 per cent) and France (5.5 per cent).

IMF projects 11.5% growth rate for India in 2021, only country with double digit growth

The International Monetary Fund's projections indicate a strong recovery for the Indian economy after it is estimated to have contracted by 8% in 2020.

theprint.in

Now lets check out IMF's prediction at about the same time last year:

IMF predicted China will grow at 1.2% YOY in 2020, India will grow at 1.9% YOY in 2020.

IMF projects India’s growth rate at 1.9% in 2020 due to COVID-19

The IMF on Tuesday projected a GDP growth of 1.9 per cent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world.

www.oneindia.com

Turn out to be:

China actually grow 2.3% YOY in 2020:

China GDP: Economy grows 2.3% in 2020 as recovery quickens

whilst India will grow at -10.3% YOY in 2020 according to the latest update from IMF:

China +1.9%, India -10.3% headline IMF forecasts - Asia Times

Here are the IMF's latest economic growth projections for 2020 and 2021, published Tuesday in a quarterly update to the World Economic Outlook (WEO). The

asiatimes.com

So basically IMF hired lots of indian "economists", no wonder the world economy is a mess now

IMF = inept mother forkers

 

[PAKISTANFOREVER]

The India economy has always been VASTLY overestimated by international bodies, it almost like they want to create a hype about this shithole.

Whilst China's economy power has always been VASTLY underestimated

A nice example is a report on PPP-based GDP estimatation I recently come across:

Despite of the fact China along, consumed about half of the vegetables in the world (you can check UN's FAO website for reference： http://www.fao.org/statistics/en/), the total market of vegetable in China, in PPP dollar terms is only 130 billion PPP dollars.

Meanwhile, india's vegetable consumption is less than 1/5th of China's, but in terms of PPP dollars, it is priced as 150 billion PPP dollars in india.

You can clearly say the west and india disinformation machines desperately trying to underestimating China, but try their best to promote the indian hype.


That is, assuming IMF's forecast on India turn out to be true, instead of like the last time: (1.9% forecasted vs -10% realized).

The West has been trying to make india equal to China since about 1985 in order to act as a bulwark against China becoming a global superpower. Obviously it hasn't worked out like that. The overestimation of the indian economy is a part of this agenda.

 

[xyxmt]

my prediction is 2021 will be a famine year in India where every farmer is protesting for last 5 months instead of farming, do crops grow my itself in India

 

[FuturePAF]

The West has been trying to make india equal to China since about 1985 in order to act as a bulwark against China becoming a global superpower. Obviously it hasn't worked out like that. The overestimation of the indian economy is a part of this agenda.

They especially over estimate their management skills, especially the current lot. Manmohan Singh was at least an economist that tried to reform their system and made some progress, but when they voted for Modi it was all down hill from there.

 

[ziaulislam]

IMF depend upon govt data
I think this is good news for indian govt and unexepected
I wasnt expecting more then 3-4% this year

 

[Dungeness]

It is a loop of positive feedback that makes every Indian hallucinated：

Indian gov doctored data for vote---Indian talking heads in Int'l bodies churn out overly upbeat "projections" on India's outlook---Indians celebrate upcoming "Indian Greatness" and vote for the government........
During the process, India managed to turn its economy 1/6 of China's.

 

[Indos]

They do, and the reason is simple - the West is determined to bolster India as a counterweight to China, and this is why there is a whole Army of so called 'Think tanks, analysts and experts' in the West, whoring themselves out to the highest bidders and churning out whitewashed analyses of India non-stop.

Giving optimistic economic projection will impress foreign investor so the optimistic projection is actually helping the future growth as well by increasing the investment component. India FDI is huge and play significant role on their economy.

UNCTADstat - General Profile: India

Overview of key economic statistics. The statistical themes covered are: International trade, economic trends, foreign direct investment, external financial resources, population and labor force, information economy and maritime transport.

unctadstat.unctad.org

 

[Andhadhun]

 

[Chhatrapati]

And we all know how reliable the Communist party stats are?

You know they add investments from Hong Kong and Macau as if it is from another country. (Just like tourists), also, each province in China is given a certain target that the party officials have to 'work hard' in local provinces to achieve this target and if they didn't, well you know. So, if they can fake GDP data, they can find ways to fake anything.

China climbed to the No.1 ranking globally attracting foreign direct investment (FDI)

Last time you published a countrywise list (2018), 66% of that investment came from Hong Kong. How much is this time?

 

[PAKISTANFOREVER]

They especially over estimate their management skills, especially the current lot. Manmohan Singh was at least an economist that tried to reform their system and made some progress, but when they voted for Modi it was all down hill from there.

Thing about indians is that they live in a retarded delusional bollywood fantasy world where they are the rulers of the world and everyone else is their slave.

 

[beijingwalker]

You know they add investments from Hong Kong and Macau as if it is from another country. (Just like tourists), also, each province in China is given a certain target that the party officials have to 'work hard' in local provinces to achieve this target and if they didn't, well you know. So, if they can fake GDP data, they can find ways to fake anything.


Last time you published a countrywise list (2018), 66% of that investment came from Hong Kong. How much is this time?

lol, India is the king in faking GDP numbers, people come to China can see everything is rising up fast, new bullet trains, subways, airports, highways, bridges... all spring up all over China, while in India you see nothing significant changed for decades, your growth is only on paper but not on the ground in reality.

Last time you published a countrywise list (2018), 66% of that investment came from Hong Kong. How much is this time?

I don't know the exactly breakdown, but Hong kong is also one of the top regions receiving FDI in the world, does FDI flow into Hong kong also being counted into China's?

 

[Path-Finder]

well January is at an end so in the remaining 11 months the economic miracle will happen.

 

[beijingwalker]

Foreign Direct Investment Inflows to Hong Kong in 2018 ranks the 4th highest in the World

Foreign Direct Investment Inflows to Hong Kong in 2019 ranks the 4th highest in the World

UNCTAD (2019) [1] announced the top 10 Foreign Direct Investment (FDI) Inflows of the World, and Hong Kong’s rank drops from the 3rd to…

ecyy.medium.com

 

[casual]

2020 was such a bad year that India will probably grow 2021 yoy.