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IMF Forecast: IMF cuts India’s economic growth forecast, GDP may remain 6.8% in 2022-23

IMF Growth Forecast 2022-23: After the World Bank, now the International Monetary Fund has also reduced India’s economic growth forecast. According to the IMF, India’s GDP is estimated to be 6.8 percent in the 2022-23 financial year, which is 0.6 percent less than the IMF’s earlier estimate. In July 2022, the IMF had projected GDP to be 7.4 percent.

According to the IMF, India’s GDP can be 6.8 percent in 2022, which is 0.6 percent less than the July estimate. The IMF believes that this is the effect of reduction in demand with a decrease in growth between April and June in the second quarter of 2022.

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