The International Monetary Fund forecast a dip in India's GDP growth over the next two years. Data released on Tuesday indicated that India's GDP growth would fall from 7.2% in FY23 to 6.1% in the current financial year, and then rise slightly to 6.3% in FY25.
"For India, data and projections are presented on a fiscal year basis, with FY 2022/23 (starting in April 2022) shown in the 2022 column. India's growth projections are 6.6% in 2023 and 5.8% in 2024 based on calendar year," the IMF explained.
