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Tag Archives: Indian Economy

IMF raises India’s FY24 forecast to 6.1%

The International Monetary Fund (IMF) bumped up India’s growth forecast for FY24, citing strong domestic investment while cautioning that the global economy is not “out of the woods” yet and that the world’s battle against inflation is far from over. The multilateral lender expects India to clock 6.1% growth in …

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India’s forex reserves cross $600 billion, says RBI

India’s forex exchange (forex) reserves swelled by $12.74 billion to $609.02 billion in the week ended 14 July, as per RBI’s data released on 21 July. Earlier on 14 July, the RBI said that India’s forex jumped by $1,229 billion in the week that ended on 7 July, totaling $596,280 …

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