IMF Slashes India’s Growth Forecast To 8.2% In 2022-23

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IMF Slashes India's Growth Forecast To 8.2% In 2022-23 Over Russia-Ukraine War Concerns

IMF has slashed India’s growth forecast to 8.2 per cent in 2022-23

The International Monetary Fund (IMF) has slashed the growth forecast for India for the current financial year by 80 basis points to 8.2 per cent, cautioning that the ongoing Russia-Ukraine war will in the long run hurt consumption and also growth as inflation will rise.

The Reserve Bank of India (RBI has said that India will grow at the rate of 7.2 percent in 2022-23, while the second advance estimate of the Ministry of Statistics and Programme Implementation had said that GDP growth would be 8.9 percent in 2021-22.

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