The Indian growth story: Why the post-pandemic boom is different

India’s economy contracted by 5.8% in 2020 during the pandemic before rebounding with growth of 9.7% in 2021. It then expanded by more than 7% in each of the following four years. If current forecasts hold, India could surpass that record. The IMF has raised its growth projection for India in the current year from 6.4% to 7%.