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IMF revises India's growth projection to 9.5% for FY22

Shortpedia

Content Team
Image Credit: Shortpedia

IMF on Tuesday has scaled down India's growth to 9.5 per cent for the current financial year from 12.5 per cent estimated earlier in April. As per the World Economic Outlook (WEO) report released by IMF, India's Gross Domestic Product (GDP) growth projection is at 9.5 per cent for 2021-22. It has also revised the GDP growth for FY 2022-23 to 8.5 per cent.