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India economic growth
July 30 , 2022
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- The International Monetary Fund slashed India's economic outlook for financial year 2022-23 to 7.4%.
- The outlook has been revised down by 0.8 percentage point.
- The forecast is sharply lower than IMF's previous estimate of 8.2% for FY23.
- But it is higher than Reserve Bank of India's latest estimate of 7.2% growth rate for FY23.
- In latest World Economic Outlook report, the IMF projected India's economy to grow by 6.1% in FY23-24.
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