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COVID DATA December 5, 2021 INDIA: New Cases: 8,895 Total Cases: 3,46,33,255 New Deaths: 2,796 (including old unreported deaths)Total Deaths: 4,73,326 New Tests: 12,26,064 Total Tests: 64,72,52,850 New Vax: 1,04,18,707 Total Vax: 127,61,83,065 Hot Spot States (daily deaths above 10) Maharashtra: New Deaths: 14 Total Deaths: 1,41,163 Kerala: New Deaths: 52; Old Unreported Deaths: 263 TPR: 7.75% (7-day avg: 8.09%) Total Deaths: 41,439 Bengal: New Deaths: 11 Total Deaths: 19,534 Bihar: Old Unreported Deaths: 2,426 Total Deaths: 12,090 - India Travel Times.Com   [Estd: 1998]       * * *    Travel, More Travel, Travel Means A Million Things     * * *    
High vaccination rate boosts India's economic growth trajectory: IMF

NEW DELHI, Oct 13: India is doing well in terms of vaccinating its people and this is certainly going to help India's economic growth and recovery, Gita Gopinath, Chief Economist at the International Monetary Fund (IMF), told newsmen early this week.

Ms Gopinath said there are many challenges that India's economic growth is facing with regard to the financial market.

The recovery in India's economy after the second wave of covid has been modest, she said.

The IMF lowered its economic growth projection for India for the current financial year (2021-'22) to 9.5% from the earlier forecast of 12.5% made in April.

"The Indians are doing well in terms of vaccination rates and that's certainly helpful," Ms Gopinath said.

"India came out of a very, very tough second wave," she said.

Indian economy is expected to grow by 9.5% in 2021 and 8.5% in 2022 and the world is expected to grow at 5.9% in 2021 and 4.9% in 2022. The United States is projected to grow at 6% this year and 5.2 per cent the next year. China, on the other hand, the IMF said, is projected to grow at 8 per cent in 2021 and 5.6 per cent in 2022.

Gita Gopinath is the Chief Economist of the International Monetary Fund since 2019. She is also the Director of IMF's Research Department and the Economic Counsellor of the Fund.

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