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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

IMF slashes India's GDP forecast to 8.2% for FY23

India International Monetary Fund New Delhi

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India's gross domestic product (GDP) forecast by 80 percentage points to 8.2 per cent for financial year 2022-23.

In its World Economic Outlook report for the month of April 2022, the IMF said expectation of weaker domestic demand owing to higher oil prices will weigh on consumption.

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