Context: While the Global Outlook Report by the International Monetary Fund (IMF) has increased the projected growth for India, in the post-pandemic era, certain structural issues act as hurdles in achieving such growth.
Positive growth projections: As per World Economic Outlook Report 2021 (WEO), India’s projections have gone up from 11.5% and 6.8% to 12.5% and 6.9% for the year 2021 and 2022, respectively.
Issues with the credibility of high growth projections:
Need of the hour –