NEW YORK — The International Monetary Fund on Tuesday raised its financial forecast for India this yr amid a modest enchancment within the international progress outlook, however mentioned that China’s post-pandemic restoration has weakened.

According to the IMF’s World Economic Outlook replace for July, India stays the world’s quickest rising large economic system with a 6.1% enlargement this yr, up 0.2 proportion level from the IMF’s April projection. The IMF expects India to account for a few sixth of complete international progress this yr. The upward revision was partially resulting from a better-than-expected end to 2022 from sturdy home funding, mentioned Tuesday’s report.