This Article First Appeared In The Indian Express On Oct 17, 2023
The International Monetary Fund has recently upgraded India’s GDP growth forecast to 6.3 per cent for 2023-24, up 40 basis points from its April forecast. The RBI’s forecast remains unchanged at 6.5 per cent. While the latest geopolitical conflict in West Asia may have opened a pandora’s box, we still believe the Indian economy could grow at a faster pace than expected. Our growth projection for the full year is at 6.7 per cent.