New York. This news is like a slap in the face of those opposing India and PM Narendra Modi. This is a slap, especially for those people who tweet every day, constantly pointing fingers at Modi’s economic policies. The news comes from the International Monetary Fund (IMF). The IMF has projected the growth rate of many countries for the financial year 2022-23. According to this estimate, India’s growth rate can be 8.2 percent in this financial year. This news is special because according to the IMF, India’s growth rate will be higher than that of America and China. At the same time, it has estimated the growth rate of many countries as negative.
According to the IMF, the development of America is going to be hampered by the Corona epidemic and Russia’s attack on Ukraine. According to him, India’s economy will grow at almost twice the rate of China. The IMF has set the US growth rate at 3.7 per cent and China at 4.4 per cent. The average growth rate for European countries has been kept at 2.8 to 3.9 percent. The special thing about these estimates is that Asia’s dominance is now visible in economic development. China is shown beating America. However, at present, Corona has spread extensively in China and its financial capital Shanghai is under complete lockdown.
The latest estimates released by the IMF are also special because even during the Corona period, China’s economic growth has been more than that of many countries. Talking about America, Corona has killed the most people in the world there. Along with this, lakhs of people have also lost their jobs. Because of this too, the IMF has kept the US growth rate very low. Overall, now America seems to be losing the status of the largest country in economic power and India seems to be moving ahead.