Posted 12/2/2023, 4:58:01 AM
IMF Chief Economist Bullish on India's Growth Trajectory Despite Global Headwinds
- IMF's KV Subramanian forecasts 7% GDP growth for India in FY24, cites robust 7.2% and 7.7% growth in previous years
- References critical pandemic predictions; says India charted own path rather than copying advanced economies
- Attributes healthy GST collections to good policies; predicts touching ₹2 lakh cr/month in 1.5-2 years
- Expresses satisfaction with recent high growth figures amid global headwinds
- Contrasts own optimism with former RBI Governor Raghuram Rajan's view that 8-8.5% growth needed for sufficient jobs