IMF cuts India’s GDP outlook for FY23 to 7.4%

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India’s economic outlook for financial year 2022-23 to 7.4%.
The forecast is sharply lower than IMF’s previous estimate of 8.2%.
In its latest World Economic Outlook report, the IMF projected India’s economy to grow by 6.1% in FY23-24.