CURRENT AFFAIRS

Detailed explanation-1: -The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth and predicted a dip in the Indian economy from 6.8 per cent in 2022 to 6.1 per cent in 2023. But India is expected to grow at 6.8 per cent again in the financial year 2024.

Detailed explanation-2: -In the World Economic Outlook 2022 report, IMF said that India will be the fastest-growing large economy in the world.

Detailed explanation-3: -The International Monetary Fund (IMF) has retained India’s FY23 growth forecast at 6.8%, terming the country a bright spot and major engine of growth amid an expected fall in global growth to 2.9% in 2023 from an estimated 3.4% in 2022.

Detailed explanation-4: -We have 1.7 percent expected in 2023. That’s a 0.5 percentage point above than our last forecast.

Detailed explanation-5: -IMF has shown optimism about the Indian economy, suggesting that real GDP is expected to grow at 6.8 per cent in the current fiscal while in 2023-24 it is estimated to grow at 6.1 per cent.