IMF raises India’s FY24 GDP forecast to 6.1% from 5.9%
IMF says India has seen a "momentum" from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment
IMF says India has seen a "momentum" from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment
This is the lowest GDP growth forecast for India among other estimates by global financial institutions.
The RBI Governor says the global trade outlook for 2023 remains "overcast", but greater intra-regional trade can enhance growth and job opportunities in the region.
IMF expects over a third of the global economy to contract this year or next. It says whree largest economies — the United States, the European Union, and China — will continue to stall.