IMF reduced India's economic growth rate

Daily Current Affairs / IMF reduced India's economic growth rate

Change Language English Hindi

Category : Business and economics Published on: October 13 2022

Share on facebook

The International Monetary Fund (IMF) on Tuesday trimmed its FY23 growth forecast for India by 60 basis points from its July projection of 7.4 per cent to 6.8 percent.
This is a steep cut in comparison to its previous forecast of 7.4%, that it had given out in July.
For the next year 2023, India has been projected to grow at 6.1%.
Last week, the World Bank also downgraded India's growth forecast to 6.5% for fiscal year 2022-23, a drop of 1% from its previous June 2022 projection.

Union Home Minister Shri Amit Shah will launch the BHARATPOL portal developed by CBI on January 07, 2025, in New Delhi.
Read More....
India's rising squash star Anahat Singh won the U-17 title at the British Junior Open in Birmingham on 06 January 2025 by defeating Malika El Caracsi of Egypt.
Read More....
Union Minister Giriraj Singh inaugurates the new permanent campus of IIHT in Phulia.
Read More....
The central government has appointed 8 IPS officers from the Uttarakhand cadre to key positions for 2024-25, including Neeru Garg as the Director General of the Bureau of Police Research and Development (BPR&D).
Read More....
Odisha Chief Minister Mohan Charan Majhi inaugurated the annual 'Adivasi Mela' and launched the 'Shaheed Madho Singh Haath Kharcha Yojana' aimed at addressing the problem of dropouts of tribal students.
Read More....
At the 2025 Golden Globe Awards, films and shows like 'Emilia Pérez,' 'The Brutalist,' 'Shogun,' 'Hack,' and 'Baby Reindeer' won major awards in categories such as Best Motion Picture - Drama, Best Director, and Best Actor.
Read More....
Justin Trudeau has announced his resignation as the Prime Minister of Canada.
Read More....
Sumariwalla's reign as AFI chief to end, former shot putter Bahadur Sagoo to replace him.
Read More....
Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1 for special steel.
Read More....
R. Chidambaram, the doyen of India’s nuclear programme, passes away at the age of 88.
Read More....

IMF reduced India's economic growth rate