IMF reduced India’s growth rate forecast below 6 per cent, which could be 5.9 per cent in 2023-24

IMF Cuts India GDP Forecast: The International Monetary Fund (IMF) has reduced India’s GDP estimate for the financial year 2023-24. The IMF (International Monetary Fund) has reduced the GDP growth rate to 5.9 percent, cutting its estimate by 20 basis points.

The GDP forecast for the current financial year by the International Monetary Fund is much lower than the Reserve Bank of India’s estimate of 6.5 percent. Although many economists believe that the Indian economy will grow at the rate of 6 percent. In its latest World Economic Outlook report, the IMF has reduced India’s economic growth forecast for the financial year 2024-25. The IMF has reduced its economic growth rate forecast by 50 basis points from 6.8 percent to 6.3 percent.