IMF downgrades India’s growth forecast from 6.1% to 5.9%
The International Monetary Fund has downgraded its growth forecast for the Indian economy from 6.1% to 5.9% for the current fiscal 2023-24, mainly because of the slow domestic consumption and data revision. Krishna Srinivasan, director of the Asia and Pacific Department, IMF, said that the revisions to India’s growth have been very modest and probably reflects two factors....