IMF lowers India's growth projection to 5.9% for current fiscal

IMF lowers India's growth projection to 5.9% for current fiscal

Daily Current Affairs / IMF lowers India's growth projection to 5.9% for current fiscal

Change Language English Hindi

Category : Business and economics Published on: April 14 2023

Share on facebook

The International Monetary Fund (IMF) has lowered India's economic growth projection for the current fiscal to 5.9 per cent from 6.1 per cent earlier.
In its annual World Economic Outlook, IMF also lowered the forecast for 2024-25 fiscal (April 2024 to March 2025) to 6.3 per cent from the 6.8 per cent it had predicted in January this year.
The growth rate of 5.9 per cent in the 2023-24 fiscal compares to an estimated 6.8 per cent in the previous year.
IMF growth forecast is lower than projections by the Reserve Bank of India (RBI). RBI sees a 7 per cent GDP growth in 2022-23 and a 6.4 per cent in the current fiscal that started on April 1.
China's growth rate is projected to be 5.2 per cent in 2023 and 4.5 per cent in 2024 against its growth rate of three per cent in 2022.

Recent Post's

Lt. Gen. Pushpendra Singh to take over as Vice Chief of Army Staff on Friday.
Read More....
Shubman Gill becomes highest run-scorer as Indian Test captain in a single series with 743 runs.
Read More....
From August 1, PSBs allowed to transfer unclaimed assets to IEPF under amended Banking Laws.
Read More....
Cabinet approves four multi-tracking railway projects worth ₹11,169 crore across six states.
Read More....
DPIIT signs MoU with Roche India to support healthcare startups in critical therapeutic areas.
Read More....
Eminent economist and author Lord Meghnad Desai passes away at age 85.
Read More....
ISRO scientist A. Rajarajan appointed Director of Vikram Sarabhai Space Centre from August 1.
Read More....
Khalid Jamil becomes first Indian in 13 years to be appointed head coach of Indian men's football team.
Read More....
Indian Navy receives third Project 17A stealth frigate ‘Himgiri’ from GRSE, Kolkata.
Read More....
World Breastfeeding Week 2025 to be observed from August 1 to 7 with focus on healthcare system support.
Read More....