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IMF cuts India’s growth prediction

Date: 21 April 2022 Tags: Reports & Indices
  • The International Monetary Fund (IMF) has cut its growth forecast for India for FY23 by 80 basis points to 8.2 percent.
  • Although the IMF’s growth forecast for India for the current financial year has been cut sharply, it remains significantly higher than local projections.
  • As per the statistics ministry’s second advance estimate, India will likely clock a GDP growth of 8.9 percent in FY22.