GDP

IMF revises India’s GDP growth forecast to 6.1% for FY24

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IMF revises India’s GDP growth forecast to 6.1% for FY24

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slightly upgraded its global growth outlook for this year on Tuesday, attributing it to resilient economic activity in the first quarter. However, the IMF also cautioned about persistent challenges that could dampen the medium-term outlook. The global lender now projects a 3.0% growth in global real … Read more

India’s GDP grows by 7.2% in FY23: Govt data

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India's GDP grows by 7.2% in FY23: Govt data

NEW DELHI: India’s gross domestic product(GDP) grew by 7.2 per cent in 2022-23 against 9.1 per cent expansion in previous fiscal, as per the government data released on Wednesday.Despite the rate of GDP growth coming at a slightly lower rate to the previous year, India remains one of the fastest-growing economies among major global players. … Read more