IMF lowers India’s FY22 growth forecast to 9% from 9.5%

IMF lowers India’s FY22 growth forecast to 9% from 9.5%

  • The International Monetary Fund (IMF) has cut India’s economic growth forecast for the current fiscal 2021-22 (FY22) to 9 percent, in its latest world economic outlook report, released on January 25, 2022.
  • 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%.

Source: Business Standard

Points to Remember:

  1. GDP growth projection of India as per IMF in FY22?
  2. GDP growth rate of India as per IMF in FY23?
  3. Global GDP growth rate as per IMF in 2022 and 2023?
  4. The world economic outlook report is released by which organisation? IMF
  5. IMF headquarter – Washington, DC

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