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Question

The International Monetary Fund (IMF) raised India’s growth forecast in the fiscal year 2023-24 to___.
  • 6.5 %
  • 6.3 %
  • 6.0 %
  • 5.8 %
Answer- B

The International Monetary Fund (IMF) on October 10 made an upward revision in its fiscal year 2023-24 growth forecast for India.

The country is likely to grow at 6.3 percent, instead of 6.1 percent as projected in the previous forecast.

Earlier, the World Bank in October retained India’s growth forecast at 6.3 percent, citing the robust services activities.