IMF: India now has a $3 trillion GDP (nominal)

[Akatosh]

IMF's World Economic Outlook (WEO) Report April 2021 edition (latest) lists that India is now officially a $3 trillion economy (nominal GDP in USD).

Report for Selected Countries and Subjects

www.imf.org

 

[Indos]

IMF's World Economic Outlook (WEO) Report April 2021 edition (latest) lists that India is now officially a $3 trillion economy (nominal GDP in USD).

Report for Selected Countries and Subjects

www.imf.org

2021 projection based on previous IMF growth projection. GDP should be based on last year (real GDP) number.

 

[My-Analogous]

IMF's World Economic Outlook (WEO) Report April 2021 edition (latest) lists that India is now officially a $3 trillion economy (nominal GDP in USD).

Report for Selected Countries and Subjects

www.imf.org

We must do investigate how these fake report generated seriously. Last year India was -9% GDP and now they are claiming to be 3T economy. This year India also will be -ve in GDP due to domestic problems, Covid19 and declined exports.

 

[crankthatskunk]

I don't think so.

The Indian report on the top of the page has following entries.

If anything in monetary terms the GDP has gone down from 2.870 trillion to 2.708 trillion.

 

[crankthatskunk]

And here is the graphical output of Indian GDP close to -10%

It is showing a 12.5% increase in 2021 projection. This is ridiculous.
If anything, due to the Covid-19 current severe waves in India, the GDP would get a big hit and go down further , may be as much as in 2020.

 

[beijingwalker]

The real question should be when India GDP can reach the pre covid level, one year? two years? 5 years?

 

[N.Siddiqui]

The covid-19 positive rate is above 10% in India.

How can there be 11% GDP growth rate.

Most likely will end up in the negative.

 

[faithfulguy]

Typical Indian bragging. Nothing new here.Just another day.

 

[hualushui]

Western-led international institutions like to tout India, and we all know why

 

[Hakikat ve Hikmet]

I am pretty sure the same report also states Pak economy has shrunk to 3b$, one 200th of that of the BD economy....

Indians at the IMF, WB etc. are doing a great job....,

 

[AZADPAKISTAN2009]

Don't care what happens in India

 

[Akatosh]

2021 projection based on previous IMF growth projection. GDP should be based on last year (real GDP) number.

This is latest report based on latest growth projection.

I don't think so.

The Indian report on the top of the page has following entries.

View attachment 738842

If anything in monetary terms the GDP has gone down from 2.870 trillion to 2.708 trillion.

Look again.
For 2021 it is very clearly mentioned Indian GDP will be $ 3049.7 billion.

 

[Indos]

This is latest report based on latest growth projection.

Look again.
For 2021 it is very clearly mentioned Indian GDP will be $ 3049.7 billion.

Latest projection of IMF based on data that hasnt included the surge of Covid there, even that IMF Indian Chief said she increase Indian GDP growth projection due to decrease of Covid while decrease Indonesian GDP growth by saying Indonesia will get problem in tackling with Covid.

You need to see the report, and yup the report is relatively new

 

[GiantPanda]

Real world GDP is $2.59T in 2020 -- shrunk from $2.86T in 2019.

$2.83T is the projected 2021 estimate (hence *).

If you watch the news, you can't really project any growth until the crisis over. Even best case estimate is that the 2021 GDP will still be smaller than 2019. Worse case is wide spread lockdowns again and they could see another drop for 2021.

GDP of India 1987-2029 | Statista

In recent years, India's economy has become one of the fastest-growing in the world, and it is on course to become the world's third-largest economy by 2030

www.statista.com

 

[CAPRICORN-88]

Folks in here have now started to think.

Yes. It is simply illogical.

Although a USD3 trillion GDP means absolutely nothing to anybody except to Modi.

Just like if there is a report that claimed China has the world's biggest GDP will means nothing to China except to rival Biden's USA.