The International Monetary Fund (IMF) has marginally raised India’s GDP growth projection to 6.4 per cent for both FY26 and FY27, citing a more accommodative external environment and softening global trade frictions.
The initial tranche of USD 1.2 billion was released in July
IMF yesterday raised India's GDP projection to 6.3 per cent even as it slashed the global growth forecast to three per cent
The key sector state institutions are to be privatised such as the national carrier Srilankan Airlines
The development came two weeks after the two sides reached a staff-level agreement over the stand-by arrangement
However, despite the slowdown, India would remain the fastest-growing major economy
However, the IMF cautioned that the monetary policy could miscalculate the right stance to reduce inflation
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