IMF projects India to be fastest growing economy in the world, cuts GDP growth forecast to 5.9%
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Image Credit: economic times
IMF in its flagship World Economic Outlook projected that India will be the fastest growing economy in the world amid financial sector turmoil, high inflation, ongoing effects of the Russia-Ukraine war, and three years of COVID. IMF lowered its growth projection for 2023-24 to 5.9% from 6.1% earlier but despite a significant drop, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed.
