IMF bumps up India’s 2023 growth projection to 6.1
The International Monetary fund on Tuesday projected that the Indian economy will grow by 6.1 per cent in 2023, which is 0.2 points — 20 basis percentage points — higher than its April forecast.
The International Monetary fund on Tuesday projected that the Indian economy will grow by 6.1 per cent in 2023, which is 0.2 points — 20 basis percentage points — higher than its April forecast.
Sharif said that China has demonstrated support by rolling over its commercial debt, highlighting the goodwill of friendly countries towards Pakistan's development.
In its Regional Economic Outlook - Asia and Pacific report released on Tuesday, the Washington-based fund said the region would contribute around 70 per cent of global growth.
Small and Medium-Sized enterprises account for 29 per cent of the nation's GDP, 49 per cent of exports, and more than 63 million businesses nationwide says Umesh Revankar, Executive Vice Chairman, Shriram Finance.
The International Monetary Fund report titled ‘World Economic Outlook 2022: Countering the Cost-of-Living Crisis,’ released in October 2022, warns all countries, including India, of an impending economic downturn.
For the world's hapless, the “coronavirus invader”, so-called, appears to be as unstoppable as it is lethal.
The virus which emerged in China in December 2019, has now spread world over claiming more than 88,000 lives and infecting 1.5 million people according Johns Hopkins.
And with many countries declaring lockdown due to the outbreak, the International Monetary Fund has said that the global economy is slowing down rapidly and it could be worse than the 2009 recession.
The Managing Director of IMF said it was "too early" to assess the full impact of the epidemic but acknowledged that it had already affected sectors such as tourism and transportation.
Last month the International Monetary Fund lowered India’s economic growth estimate for the current fiscal to 4.8 percent.
