IMF raises India GDP forecast by 20 bps to 7% for FY25
New Delhi, July 17, 2024.
Improved consumption prospects, particularly in rural areas, are expected to support the country’s growth trajectory in the ongoing financial year 2024-25, the International Monetary Fund (IMF) said on Tuesday while revising India’s growth forecast upward by 20 basis points to 7 per cent.
For the next financial year, the IMF retained the projection at a slower growth rate of 6.5 per cent, as stated in its latest edition of the World Economic Outlook.
“The forecast for growth in emerging markets and developing economies has been revised upward; this increase is powered by stronger activity in Asia, particularly China and India. The forecast for growth in India has also been revised upward to 7 per cent this year, reflecting carryover from upward revisions ...
