Imf World Economic Outlook January 2024 India. World economic outlook update, january 2024: On the economic front, india has been a key growth engine for the world, contributing 16% to the global growth in 2023.
Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high debt weigh on economic activity. India’s economy is likely to grow at 6.5% in the financial year starting april 1, 2024 and at a similar pace the year after, the international monetary fund said in its world.