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Economy - Current Affairs and GK

Q1:

What is the revised GDP growth forecast for India in the fiscal year 2023-24, according to the IMF's October 2023 World Economic Outlook report?

A 6.1%

B 6.3%

C 6.5%

D 6.7%

ANS:B - 6.3%

The International Monetary Fund (IMF), in its October 2023 World Economic Outlook (WEO) report, revised India's economic growth forecast for the fiscal year 2023-24. This adjustment saw the growth projection climb from 6.1% to 6.3% as a result of stronger-than-anticipated consumption during the April-June period.