IMF raised India’s GDP growth projection for 2024-25 by 30 basis points to 6.8 percent in its update to the World Economic Outlook (WEO).

Economy Business

The International Monetary Fund (IMF) raised India’s GDP growth projection for 2024-25 by 30 basis points to 6.8 percent in its update to the World Economic Outlook (WEO), citing buoyant domestic demand. However, the fund’s estimate is below the 7 percent growth projection by the government. Growth in India is projected to remain strong at 6.8 percent in 2024 (FY25) and 6.5 percent in 2025 (FY26), with the robustness reflecting continuing strength in domestic demand and a rising working-age population. For FY24, the IMF raised India’s GDP growth projection to 7.8 percent, compared to 6.7 percent in its January report. For FY26, the IMF expects the country’s economic growth to slow down slightly to 6.5 percent -- the same as projected in its January update. According to the second advance estimates by the National Statistical Office, the growth rate of GDP during 2023-24 was estimated at 7.6 percent, compared to a growth rate of 7 percent in 2022-23.


     

     

     

 

     


International Monetary Fund (IMF)

Founded- July 1944
Managing Director- Kristalina Georgieva
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