Domestic demand to lift growth: IMF
NEW DELHI: The International Monetary Fund (IMF) has made an upward revision to its growth forecast for India for the fiscal year 2023-24, taking it to 6.7%. While this is an upward revision of 40 basis points (bps) one basis point is one-hundredth of a percentage point-it is still lower than India's own estimates for GDP growth in 2023-24 which is 7.3%.
IMF has also made an upward revision to India's growth forecasts for the next two fiscal years which is now expected to be 6.5%. "Growth in India is projected to remain strong at 6.5% in both 2024 and 2025, with an upgrade from October of 0.2 percentage point for both years, reflecting resilience in domestic demand", the January update to IMF's October 2023 World Economic Outlook report said.
هذه القصة مأخوذة من طبعة January 31, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 31, 2024 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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