Question
Recently IMF in its latest World Economic Outlook
report, cut its forecast for India’s gross domestic product (GDP) growth in the financial year 2022-23 (FY23) by how many basis points?Solution
The International Monetary Fund (IMF), in its latest World Economic Outlook report, cut its forecast for India’s gross domestic product (GDP) growth in financial year 2022-23 (FY23) by 60 basis points (bps) to 6.8 per cent, warning of a long and tough economic winter.
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