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India’s growth in 2023 is projected at 6.1%, which is a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment, the International Monetary Fund’s World Economic Outlook revealed on Tuesday.
“Growth in India is projected at 6.1 per cent in 2023, a 0.2 percentage point upward revision compared with the April projection,” it said in its latest update of the World Economic Outlook.
The global growth forecast indicates a decline from an estimated 3.5% in 2022 to 3% in both 2023 and 2024. Though the projection for 2023 is slightly higher than previously predicted, it remains weak when compared to historical standards.
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