India's economic growth forecast for the current fiscal year has been raised to 6.3 per cent from 6.1 per cent earlier, the International Monetary Fund (IMF) said in its October 2023 World Economic Outlook (WEO) report that was released on Tuesday, October 10.

• The global lender expects retail inflation in the country to rise to 5.5 per cent in fiscal 2023-24 before easing to 4.6 per cent in 2024-25. 
• The Reserve Bank of India (RBI) has projected consumer price index (CPI)-based inflation for the current fiscal year at 5.4 per cent while gross domestic product (GDP) growth is seen at 6.5 per cent.