IMF slashes India’s growth forecast for FY22 to 9.5% from its previous projection of 12.5%

UPSC Practice recommends IMF slashes India’s growth forecast for FY22 to 9.5% from its previous projection of 12.5%.

The global growth forecast remained unchanged at 6% for the calendar 2021 as upgrades in the developed world were offset by downgrades in several countries that experienced renewed waves, notably India.

Courtesy: Economic Times

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