IMF Projects India To Be The Fastest Growing Economy In The World

The International Monetary Fund (IMF) in its flagship World Economic Outlook projected that India will be the fastest-growing economy in the world amid financial sector turmoil, high inflation, ongoing effects of the Russia-Ukraine war, and three years of COVID. IMF lowered its growth projection for 2023-24 to 5.9 per cent from 6.1 per cent earlier but despite a significant drop, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed