In the run-up to budget 2021, IMF's Chief Economist Gita Gopinath speaks exclusively to ET NOW about India's need to cover more ground in terms of eco recovery, Need for budget to tackle current financial crisis and an aggressive divestment push from the Government amongst many other measures. Vaccine approval raised hope of recovery. Renewed covid waves & new variants remain concerns. Broad vaccine availability in advanced economies by summer 2021. The vaccine will be available across most countries by H2 2022. The virus is expected to be at low levels everywhere by end of 2022. Major central banks assumed to maintain current policy rates till the end of 2022. Oil prices expected to rise over 20% in 2021 over the low base of 2020. Metal prices projected to accelerate strongly in 2021, says IMF Chief Economist Gita Gopinath to Ruchi Bhatia and Tamanna Inamdar.
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