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Question

The International Monetary Fund (IMF) has slashed its economic growth forecast for India by 20 basis points (bps) to _______ for 2023-24 (FY24).

A 5.9 percent Correct Answer Incorrect Answer
B 5.7 percent Correct Answer Incorrect Answer
C 5.5 percent Correct Answer Incorrect Answer
D 5.2 percent Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The International Monetary Fund (IMF) has slashed its economic growth forecast for India by 20 basis points (bps) to 5.9 per cent for 2023-24 (FY24).     In its latest bi-annual World Economic Outlook, the IMF projected India’s retail inflation to ease to 4.9 per cent in FY24 from 6.7 per cent in FY23, and the current account deficit to come down to 2.2 per cent of GDP from an estimated 2.6 per cent a year ago.    In purchasing power parity terms, India’s growth in per capita output is set to decelerate to 4.9 per cent in FY24 from 5.8 per cent in FY23.

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