
IMF raises India’s FY24 GDP forecast to 6.1% from 5.9%
IMF says India has seen a "momentum" from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment
IMF says India has seen a "momentum" from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment
In the past decade, country has gained major positions in the world order, which are bound to have major impact on macro and market outlook, says a report
The paper says that the country has developed a world-class digital public infrastructure (DPI) to support its sustainable development goals.
This is the lowest GDP growth forecast for India among other estimates by global financial institutions.
India’s Unified Payments Interface is an excellent example of technology boosting financial inclusion, says Kristalina Georgieva, MD, IMF
The IMF data shows China, India, and the rest of Asia propelling a larger share of global economic growth in 2023
Growth in India is expected to pick up to 6.8% in 2024, with resilient domestic demand despite external headwinds, says IMF.
Apart from India, other countries such as Brazil, Canada, and the United States have also witnessed a fall in their debt levels by 10 percentage points of their GDP.
IMF says the "sharp and uncharacteristic” slide in the Chinese economy will drag Asia’s GDP growth down by 0.9 percentage points in 2022 and by 0.8 percentage points in 2023.
Finance Minister Nirmala Sitharaman says India wants to place the agenda on crypto before the G20 table for discussion and aim for a tech-driven regulatory framework.