<p>The International Monetary Fund on Thursday said the recent upsurge in Covid-19 cases in India posed downside risks to the Fund's April forecast for 12.5% growth in India's economic output in fiscal years 2021 and 2022.</p>.<p>The IMF will revisit that forecast when it issues a fresh World Economic Outlook in July, IMF spokesman Gerry Rice told reporters at a regular briefing, but gave no further details.</p>.<p>He said the developments in India would have spillover effects for the region and the global economy, depending on how long the crisis lasted.</p>
<p>The International Monetary Fund on Thursday said the recent upsurge in Covid-19 cases in India posed downside risks to the Fund's April forecast for 12.5% growth in India's economic output in fiscal years 2021 and 2022.</p>.<p>The IMF will revisit that forecast when it issues a fresh World Economic Outlook in July, IMF spokesman Gerry Rice told reporters at a regular briefing, but gave no further details.</p>.<p>He said the developments in India would have spillover effects for the region and the global economy, depending on how long the crisis lasted.</p>