The International Monetary Fund (IMF) has slashed the gross domestic product (GDP) growth forecast for India in FY23 to 8.2 per cent in its latest World Economic Outlook report, released on April 19, 2022. Earlier in January report, this was estimated at 9 per cent. IMF has also cut India’s FY24 GDP growth forecast to 6.9 per cent. Earlier this was 7.1 per cent. In the case of the global economy, IMF has cut the growth forecast for the calendar year 2022 to 3.6 per cent from 4.4 per cent.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
FY23 forecasts by various institutions (in %)
| Agency | Now | Earlier |
| World Bank | 8 | 8.7 |
| IMF | 8.2 | 9 |
| Fitch | 8.5 | 10.3 |
| India Ratings | 7-7.2 | 7.6 |
| Morgan Stanley | 7.9 | 8.4 |
| Citigroup | 8 | 8.3 |
| ICRA Ltd | 7.2 | 8 |
| RBI | 7.2 | 7.8 |
Shiv Ratan Agarwal the Chairman and Managing Director of the Bikaji Foods International Ltd has…
The National Panchayati Raj Day 2026 is observed on the April 24 every year across…
Dhar has been selected for the Safe Cities Project 2026 and it marks the major…
The Athletics Integrity Unit (AIU) have upgraded the India to the Category A. This category…
Education has a long and rich history. Some universities in the world were built hundreds…
The Archaeological Survey of India (ASI) has started the important conservation operation at the Konark…