Modi sidelines the superpowers and raises victory flag! India’s double-digit economic growth! International Monetary Fund’s 2021 forecast!
The Bharatiya Janata Party’s India-wide social media pages and the Tamil Nadu Youth Team posted a data released by the International Monetary Fund (IMF) on January 26 on India’s Gross Domestic Product (GDP) for 2020.
Modi sidelined the superpowers and raised the banner of victory! India’s double-digit economic growth! International Monetary Fund’s 2021 forecast! ” The BJP has released India’s GDP growth rate as 8% on 2020.
However, the International Monetary Fund (IMF) has released its latest Global Economic Outlook for 2021, stating that India’s GDP growth rate as -8% on 2020.
India ranks first as the fastest growing economy, showing that India is growing faster than 2.3% of China.
According to the International Monetary Fund’s primary global economic release, in the January update, they said that India would face a change of -8% in its real GDP this fiscal year.
However, the International Monetary Fund has raised India’s GDP estimates for the year 2021 from 8.8 per cent to 11.5 per cent in the October update. This release indicates a better-than-expected economic outlook for the second quarter of the current fiscal year.
The IMF has projected growth rate of 11.5% for India in 2021, the only major economy to register a double-digit growth this year.
The projection is a testament of India’s robust economic recovery after the unprecedented slowdown the world faced last year due to COVID pandemic. pic.twitter.com/ZjwQCid1ux
— BJP (@BJP4India) January 28, 2021
On January 28, the BJP leadership removed the error on its social media pages and released it as GDP of India as -8% in 2020. But the BJP-affiliated pages in Tamil Nadu are spreading misinformation as 8%, without correcting this.