The International Monetary Fund (IMF) has projected a growth rate of 6.1% for the Indian economy in 2023. This represents a 0.2 percentage point increase from the IMF’s earlier projection in April.
The upward revision is attributed to the momentum generated by stronger-than-expected growth in the fourth quarter of 2022, driven by robust domestic investment. The IMF’s report also noted that global growth is expected to decrease from an estimated 3.5% in 2022 to 3% in both 2023 and 2024.
