Amidst the havoc of Corona, the International Monetary Fund (IMF) has projected India’s growth rate to be 1.9 per cent in 2020-21. The IMF said on Tuesday that the global economy is going through the worst time since the Great Depression of 1930. Significantly, the corona epidemic has stopped economic activity around the world. If the IMF’s prediction turns out to be correct, it would be the worst performance of the Indian economy since 1991’s liberalization.

However, the International Monetary Fund in its latest edition of the World Economy report has placed India among the fastest growing economies in the world. According to the report, India is one of the two countries which is projected to achieve positive positive growth in the financial year 2020-21. At the same time, the IMF has forecast China’s economic growth to be 1.2 percent. Simultaneously, IMF chief economist Geeta Gopinath has said that we are expecting the growth of the global economy to reduce to -3% (minus 3%) in 2020, which is a big change in the short-term growth forecast. Gopinath said that Kovid-19 will have a very bad effect on the growth worldwide.

Apart from this, according to the IMF report, the growth rate in many countries included in the list of developed economies this year is estimated to be minus. These include the United States (-5.9 percent), Japan (-5.2 percent), Britain (-6.5 percent), Germany (-7 percent), France (-7.2 percent), Italy (-9.1 percent) and Spain (-8 percent). ) Are included.

It is worth mentioning that the global economy faced a very bad phase in the Great Depression, which lasted for 10 years after it began in 1929. The Great Depression began with the New York Stock Exchange in the US, when investors lost millions of dollars.