IMF says, risks have increased, reflecting rising geopolitical tensions, uncertainty about the strength of global demand and potential for financial volatility
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Many global rating agencies and multilateral organisations have also revised their growth forecasts for India upward
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Gopinath acknowledges the vibrancy of the Indian economy and the strength of the country's relationship with the International Monetary Fund (IMF)
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Real GDP growth is now forecast at 0.7 per cent in 2024 (a slight upgrade from 0.5 per cent in April), before rising to 1.5 per cent in 2025
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A potential debt crisis is looming over the global economic landscape
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