{"id":9906,"date":"2022-10-12T12:15:24","date_gmt":"2022-10-12T06:45:24","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=9906"},"modified":"2025-03-29T16:09:39","modified_gmt":"2025-03-29T10:39:39","slug":"indias-growth-forecast","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/indias-growth-forecast\/","title":{"rendered":"India\u2019s growth forecast"},"content":{"rendered":"<h2><strong>About:<\/strong><\/h2>\n<ul>\n<li>IMF\u2019s move follows the World Bank slashing its FY23 growth projection for India to 6.5 per cent recently from 7.5 per cent predicted earlier.<\/li>\n<li>India is projected to grow at 6.8% in the current fiscal year, following 8.7% growth in fiscal year that ended March 31 as per figures released in the IMF\u2019s October 2022 World Economic Outlook.<\/li>\n<li>Growth rate for this year for India has been revised downward by 0.6 percentage points relative to the IMF\u2019s June 2022 forecast, following a weaker output in the second quarter, and subdued external demand.<\/li>\n<li>The forecast for the next fiscal year remains unaltered at 6.1%.<\/li>\n<li>The IMF has projected 6.9% consumer price inflation this year and 5.1% next year.<\/li>\n<li>For the world as a whole, growth will slow down from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Reports Published by IMF:<\/strong><\/h2>\n<ul>\n<li>Global Financial Stability Report<\/li>\n<li>Fiscal Monitor<\/li>\n<li>World Economic Outlook<\/li>\n<li>Regional Economic Outlook<\/li>\n<li>Managing Director\u2019s Global Policy Agenda<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source :\u00a0<\/strong><a href=\"https:\/\/epaper.thehindu.com\/Home\/ShareArticle?OrgId=G3VACOMQ6.1&amp;imageview=0\" target=\"_blank\" rel=\"nofollow noopener\">The Hindu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overall growth remains robust and is estimated to be 6.9 percent for full year with real GDP growing<\/p>\n","protected":false},"author":5,"featured_media":9907,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-9906","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=9906"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/9906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/9907"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=9906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=9906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=9906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}