IMF has retained the growth forecast for India at uline{1cm} percent driven largely by private consumption.

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

IMF has retained the growth forecast for India at _________ percent driven largely by private consumption.

A	7.4 percent
B	7.5 percent
C	7.6 percent
D	7.7 percent

Explanation:

Detailed explanation-1: -“Growth in India is set to decline from 6.8% in 2022 to 6.1% in 2023 before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds, ” said the IMF’s World Economic Outlook update.

Detailed explanation-2: -“Growth in India is set to decline from 6.8% in 2022-23 to 6.1% in 2023-24, before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds, ” according to the IMF World Economic Outlook update, titled Inflation Peaking amid Low growth.

Detailed explanation-3: -Global growth is now expected to fall from 3.4 percent in 2022 to 2.9 percent this year, before rebounding to 3.1 percent in 2024. The 2023 growth projection is up from an October estimate of 2.7 percent, as the IMF sees far fewer countries facing recession this year and does no longer anticipates a global downturn.

Detailed explanation-4: -The International Monetary Fund (IMF) has projected India’s growth to be at 6.1 per cent in the fiscal year 2023.

There is 1 question to complete.