DH NEWSDH Latest NewsLatest NewsIndiaNEWS

IMF raises India’s GDP growth forecast

New Delhi: The International Monetary Fund (IMF) has hiked India’s 2023 GDP growth forecast. The GDP growth forecast is hiked to 6.3%.

The IMF had earlier lowered India’s growth projections from 6.1% to 5.9% for the current fiscal and from 6.8% to 6.3% for the 2024/25 fiscal.

Also Read: Commodity Market: Gold prices remain firm 

‘Growth in India is projected to remain strong, at 6.3 per cent in both 2023 and 2024, with an upward revision of 0.2 percentage point for 2023, reflecting stronger-than-expected consumption during April-June,’ the ‘World Economic Outlook’ released by IMF said

Last week, the World Bank retained India’s growth forecast at 6.3% for the current financial year. The Reserve Bank of India this week retained its 6.5% growth forecast for this fiscal.

shortlink

Post Your Comments


Back to top button