New York: The International Monetary Fund (IMF) slashed its projection of India’s economic growth in 2022. IMF reduced the growth rate to 6.8% in its World Economic Outlook.
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Earlier in July this year, IMF predicted a gross domestic product (GDP) growth of 7.4% for India in this fiscal year. Even that forecast was lower than 8.2% projected in January this year. India had grown at 8.7% in 2021-22 fiscal (April 2021 to March 2022).
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