IMF revises GDP growth forecast of India to 12.5% for FY22

International Monetary Fund (IMF) has raised its growth forecast for the Indian economy by 100 basis points to 12.5 per cent for the fiscal year 2021-22. GDP growth for FY23 is pegged at 6.9 per cent. The revised forecast was published in the IMF’s World Economic Outlook. India is the only country among major world economies that is projected to grow at a double-digit rate during FY22.

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