August 8, 2023 7:24 PM

RBI projected Country’s real GDP to grow at 6.5% in current fiscal year: Govt in Rajya Sabha

The RBI has projected Country’s real GDP to grow at 6.5 percent in the current fiscal year. In the written reply in Rajya Sabha, Minister of Finance Nirmala Sitharaman said that the International Monetary Fund (IMF), in its latest World Economic Outlook (WEO) of July 2023, has revised India’s real GDP growth forecast for the current financial year by 20 basis points (bps). She said that the IMF has raised it from 5.9 percent to 6.1 percent. The positive revision is due to the momentum gained...