Donald Trump tariffs to hit global economy hard! IMF cuts India's GDP growth forecast to 6.2% for 2025; says it's relatively more stable

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Times of India 2h ago

Donald Trump tariffs to hit global economy hard! IMF cuts India's GDP growth forecast to 6.2% for 2025; says it's relatively more stable - Times of India

Quick Summary:

The IMF's April 2025 World Economic Outlook revised India's 2025 GDP growth to 6.2%, down from the previously projected 6.5%, due to increased trade tensions and global uncertainty stemming from US tariff policies.

The growth forecast for the world economy has been cut to 2.8% down half a percentage point from the earlier estimates.

IMF has also drastically revised downwards the growth outlook for the global economy, the US and China.