The International Monetary Fund (IMF) has cut India’s economic growth forecast for the current fiscal 2021-22 (FY22) to 9 per cent, in its latest world economic outlook report. Earlier this was estimated at 9.5%. IMF has projected the growth forecast for India in 2022-23 (FY23) at 7.1% IMF has projected the global growth rate in 2022 to 4.4%, and in 2023 to 3.8%.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
According to the IMF, India’s prospects for 2023 are marked up on expected improvements to credit growth and, subsequently, investment and consumption, building on the better-than-anticipated performance of the financial sector. A revised assumption removing the Build Back Better fiscal policy package from the baseline, earlier withdrawal of monetary accommodation, and continued supply shortages produced a downward 1.2 percentage-point revision for the United States, it said.
In a historic moment for South American football, Brazil was declared the host of the…
Max Verstappen, the defending Formula 1 World Champion, showcased his prowess on the track by…
Soybean, a versatile and nutrient-rich legume, plays a crucial role in India's agricultural landscape. It…
The Ministry of Ports, Shipping and Waterways (MoPSW) recently marked International Women in Maritime Day,…
The Artara'24 Fine Arts Exhibition and Competition has made its mark in Dubai as a…
When it comes to nicknames, few states in the United States have one as evocative…