IMF has raised India’s growth forecast for FY24

The International Monetary Fund has raised India’s growth forecast for the current fiscal year (FY24) to 6.3%

up from its previous forecast of 6.1%

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This is a positive development, and it reflects the strength of the Indian economy

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The IMF’s revised growth forecast has a number of positive implications for the Indian economy

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Prime Minister Narendra Modi has welcomed the IMF’s projection of 6.3% GDP growth for India

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He has called it a “positive sign” and a “testament to the strength of the Indian economy

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India is a much safer option to invest in than China

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