The International Monetary Fund (IMF) may revise India’s GDP growth forecast for 2022 to below 8.2 per cent, an IMF official said.
“When we look at high-frequency indicators, it’s just that growth was lower in the last quarters than originally anticipated. Therefore, the growth for the whole year would be somewhat lower,” Luis E Breuer, senior resident representative of the IMF to India, Nepal and Bhutan explained.
The IMF had cut India’s gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April. The growth projection for 2023 is