IMF Hikes India's 2023 GDP Growth Forecast to 6.3%, Downgrades China | Read

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter. The IMF, which in April called India "one of the bright spots in the global economy", also said it expects its growth to be the highest among developing economies as global economic growth slows for various reasons, including Russia's 20-month war on Ukraine and the Israel-Hamas conflict.