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Q:

What has the International Monetary Fund (IMF) increased India's growth forecast for the financial year 2023-24?

  • 1
    4.3%
  • 2
    6.3%
  • 3
    6%
  • 4
    6.7%
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Answer : 2. "6.3%"
Explanation :

The International Monetary Fund (IMF) on October 10 raised its growth forecast for India for fiscal year 2023-24. According to the previous estimate, the country's growth rate is likely to be 6.3 percent instead of 6.1 percent. Earlier, the World Bank had maintained India's growth forecast at 6.3 percent in October, citing strong services activity. In September, the Asian Development Bank (ADB) had also estimated India's growth rate to be 6.3 percent.

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