HomeIndiaUS Tariffs: IMF Cuts India’s Growth Forecast

US Tariffs: IMF Cuts India’s Growth Forecast

US Tariffs: IMF Cuts India's Growth Forecast

US Tariffs: IMF Cuts India’s Growth Forecast

India-West News Desk

NEW DELHI – On April 22, the International Monetary Fund (IMF) revised down its economic growth forecast for India, citing heightened global uncertainty and escalating trade tensions brought about by new US trade policies.

In its latest World Economic Outlook report, the IMF cut India’s projected growth rate for the current fiscal year—from the 6.5% forecast in January to 6.2%—for the year beginning April 1.

Despite the downgrade, the IMF noted that India’s outlook remains relatively stable, supported by strong private consumption, especially in rural areas.

However, the report emphasized that increased global trade tensions, including the impact of U.S. tariffs, were key factors behind the downward revision.

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