IMF slashes India’s GDP forecast for FY23 to 7.4% and FY24 to 6.1%

IMF slashes India’s GDP forecast for FY23 to 7.4% and FY24 to 6.1%

  • The International Monetary Fund (IMF) has cut the gross domestic product (GDP) growth forecast for Indian economy in the current financial year FY23 by 80 basis points to 7.4 percent.
  • Earlier this was estimated at 8.20 percent.
  • Similarly, IMF has also slashed India’s growth forecast for FY24 at 6.1 percent as against 6.9 percent¬†earlier.
  • Summary of GDP forecast by IMF
    • 2022-23 – 7.4%
    • 2023-24 – 6.1%

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