IMF raises India’s FY24 GDP growth forecast by 20 basis points to 6.1%

The International Monetary Fund (IMF) on Tuesday raised the FY24 growth forecast for India by 20 basis points to 6.1 per cent, citing the country’s stronger-than-expected growth momentum in the March quarter of FY23.

“Growth in India is projected at 6.1 per cent in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a…