Question
According to the IMF World Economic Outlook report, what
is India’s growth rate in 2023?Solution
The International Monetary Fund (IMF) expected India to be the fastest-growing major economy in FY24, maintaining its 6.1% projection in its latest World Economic Outlook, citing "resilient" domestic demand amid a tough external environment. According to the research, growth is likely to decline from 6.8% for FY23 and then rebound to 6.8% in FY25. India’s GDP growth rate is expected to be significantly higher than all its comparable economies, which is set to grow at 5.4% in 2023 and 4.5% in 2024.
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