IMF retains India's growth forecast at 6.1 per cent in 2023
According to IMF, India will continue to be the fastest growing economy. While the second largest economy after India is estimated to be of another Asian country, China whose growth rate has been estimated to be 5.2%.
International Monetary Fund (IMF) i.e. International Monetary Fund has released the forecast of global economy growth in the year 2023. The IMF has retained India's growth forecast for 2023 at 6.1 per cent. The IMF (International Monetary Fund) has predicted an economic growth of 6.1 percent for India in 2023. According to IMF, India will continue to be the fastest growing economy. While the second largest economy after India is estimated to be of another Asian country, China whose growth rate has been estimated to be 5.2%.
According to the IMF (International Monetary Fund), 84% of countries are expected to have lower inflation in 2023 than in 2022. India and China will contribute half of the global economic growth this year. According to the IMF's World Economic Outlook, global growth is projected to decline from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, rising to 3.1 percent in 2024. While America's growth rate is expected to be 1.4 percent in 2023. At the same time Britain's economy is expected to be minus 0.6.
IMF said that from October 2022 to March 31, 2023, we had estimated India's growth rate at 6.8 percent, but after that it is expected to come down to 6.1 percent in the current financial year of 2023. Pierre-Olivier Gaurinchas, chief economist and director of the IMF's research department, provided information about this. Along with this, the IMF has also expressed the hope of increasing China's growth rate in the year 2023. In the year 2023, China's growth rate is expected to increase to 5.2 percent. However, the thing to note is that in the year 2024, it is estimated to fall once again by 4.5 percent. Earlier, in the fourth quarter of the year 2022, China's real GDP had suffered a major setback even when it fell to three percent.