They said that with IMD predicting a good monsoon, the agriculture sector growth is expected to be better in the current financial year. The manufacturing sector is also expected to continue its growth momentum. Before 2020, companies had balance sheet issues and the growth was stagnant. Now
While lauding the International Monetary Fund’s (IMF’s) economic prediction for India from this year, NK Singh, Chairman of 15th Finance Commission of India has said that the projection will “continue to grow further.”
The Economic Survey document said the growth projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, the Asian Development Bank and the Reserve Bank of India.
New Delhi [India], March 17 (ANI): Global rating agency Moody's on Thursday lowered India's economic growth estimate for the calendar year 2022 to 9.1 per cent for its earlier projection of 9.5 per cent citing the adverse impact of the ongoing Russia-Ukraine conflict on the global economy.
Paris [France], May 31 (ANI): The Organisation for Economic Cooperation and Development (OECD) on Monday cut its growth projection for India to 9.9 per cent this year from 12.6 per cent estimated earlier in March.