News > India should choose fiscal, monetary policy carefully to support ‘bright spot’

India should choose fiscal, monetary policy carefully to support ‘bright spot’

The Hindu | 14/10/2022 10:41 PM | Click to read full article

Even as it praised India’s growth rate forecasts of 6.8% in FY22-23 and 6.1% in FY23-24, the IMF cautioned that there was limited policy space given overall global conditions.

With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India was “still a bright spot”, Anne-Marie Gulde-Wolf of DDAPD said,

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