IMF may lower India’s GDP growth projection

The IMF is in the process of revising India’s growth projection for 2022, which could be lower than its earlier forecast of 8.2 per cent, amid risks of a global stagflation, a senior official of the international organisation said on Tuesday.

In April, the International Monetary Fund had lowered India’s growth projection to 8.2 per cent as compared to 9 per cent estimated in January. By 2023, the country is expected to grow at 6.9 per cent, it said.

IMF is currently revising India’s growth forecast for 2022, which may be lower than 8.2 per cent. This is work in progress at the moment, IMF Senior Resident Representative in India Luis Breuer said at an interactive session on ‘World Economic Outlook’ organised by the MCC

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