India likely to contribute 15% to global growth in 2023: top IMF exec

Despite doing better than rest of the world, inflation remains a key challenge to country's growth prospects, says

India is expected to contribute 15 per cent to the global growth in 2023, an International Monetary Fund (IMF) official said on Tuesday.

“Both India and China are expected to contribute 50 per cent of the global growth in the upcoming year (2023). However, the share of India's contribution to global growth is expected to be around 15 per cent,” Krishna Srinivasan, director, Asia and Pacific Department (APD) at IMF said at a roundtable with reporters from south Asian countries.  

The Washington-based multilateral lender has projected the Indian economy to grow at 6.1 per cent in FY24 compared to 6.4