OECD slashes India GDP growth forecast to 6.6% in FY23
Before OECD, global agencies like Goldman Sachs, IMF, and Moody’s, among others, have cut growth projections for India on slowing exports and domestic demand, and high inflation.
india gdp in fy23
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April 2022
India to be $5 tn economy by FY29 — not FY25 — suggests IMF data
This is contrary to the govt's aim of achieving the target by FY26; the rupee is also seen depreciating to 94.4 per dollar by FY28.
After World Bank, IMF cuts India’s FY23 GDP forecast to 8.2%
Russia’s invasion of Ukraine and high inflation have forced the IMF to slash global growth forecast from 6.1% in 2021 to 3.6% in 2022 and 2023.
