Question: What is the projected GDP growth rate of India in FY22 as per IMF’s latest world economic outlook?
(a) 8 Percent
(b) 8.5 Percent
(c) 9 Percent
(d) 9.5 Percent
Answer: (c)
Related Facts :
- The International Monetary Fund (IMF) has cut India’s economic growth forecast for the current fiscal 2021-22 (FY22) to 9 percent, in its latest world economic outlook report, released on January 25, 2022.
- Earlier economic growth was estimated at 9.5%
- IMF has projected the growth forecast for India in 2022-23 (FY23) at 7.1%
- IMF has projected the global growth rate in 2022 to 4.4%, and in 2023 to 3.8%.
- The global growth is expected to slow to 3.8 per cent in 2023.
- The International Monetary Fund (IMF) is an international financial institution.
- It consists of 190 countries.
- Its mission is “working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
BY: AMIT GUPTA