The IMF has noted in a latest update that India's economy is likely to expand at 6.8 percent in 2022, revised down by 1.4 percentage points since the April 2022 World Economic Outlook because of a weaker-than- expected recovery in the second quarter and subdued external demand. A further slowdown of India's growth to 6.1 percent is expected in 2023 as external demand and a tightening in monetary and financial conditions weigh on growth.
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