Updated: April 12, 2023, 03:34 PM IST
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IMF Division Chief Daniel Leigh said… MoreIMF Division Chief Daniel Leigh called India a ‘very strong economy’ as the IMF lowered India’s growth forecast to 5.9% from an earlier forecast which pegged India’s growth rate at 6.1%. The downgrade in estimates is significant, but given the global economic outlook, he said, it still makes India the fastest growing economy. The Division Chief of the IMF was speaking to the press during the release of the World Economic Outlook report. The World Economic Outlook is a survey conducted by IMF staff and usually published twice a year. The report, compiled by IMF economists, analyzes global economic developments over the near and medium term.