IMF Raises India's Economic Growth Forecast to 6.3% in 2023, Driven by Consumption and Infrastructure

The International Monetary Fund has increased its growth forecast for India's economy to 6.3% in 2023. Increased consumption, infrastructure spending, and new businesses are driving this growth, but geopolitical risks and inflation concerns could be challenges. India's positive long-term prospects, driven by a young population and growing middle class, have attracted foreign investors. Consumer spending is a key factor contributing to India's economic growth.