INDIA YET TO BECOME PREFERRED FDI DESTINATION DESPITE GOOD GDP GROWTH
CHINA-HONG KONG TOGETHER IS THE WORLD’S LARGEST RECIPIENT OF FDI FLOWS
2023-07-31 12:17
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It is good to note that the International Monetary Fund (IMF) has revised upward India’s economic growth projection for 2023 from 5.9 percent to 6.1 percent. The projection is still well below the Reserve Bank of India’s economic growth forecast of 6.5 percent. The revised IMF estimate will help India retain the ‘fastest growing major economy’ tag for the current fiscal. The IMF forecast for China is unchanged at 5.2 percent for 2023.