The IMF’s 2023-24 growth forecast for India is now the same as what the World Bank had projected in its India Development Update on October 3. India’s 2024-25 GDP growth forecast has been left unchanged at 6.3% in the October WEO data. IMF now expects global GDP growth to be 3% in 2023, which is the same as its July forecast. Global GDP growth for 2024, however, has seen a reduction of 10 basis points from the July forecast to 2.9%. Apart from regular data on GDP growth projections, WEO strikes a slightly hawkish tone.

Source: Hindustan Times October 11, 2023 13:03 UTC