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 6.9 per cent. Breuer said the next revision was going to be below 8.2 per cent and that it was