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IMF raises india's growth forecast to 7 per cent from 6.8

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Wed, Jul 17, 2024 05:29 AM

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IMF Raises India's Growth Forecast To 7 Per Cent From 6.8 Per Cent For FY25 The International Moneta

IMF Raises India's Growth Forecast To 7 Per Cent From 6.8 Per Cent For FY25 The International Monetary Fund (IMF) has increased India's growth forecast for FY25 to 7 per cent, up from the 6.8 per cent projected in April, according to the latest World Economic Outlook released on Tuesday. "The forecast for growth in India has also been revised upward, to 7 per cent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas," the IMF stated. Looking ahead, the global financial institution anticipates India's economy to expand by 6.5 per cent in FY26, maintaining its previous projection from April. This adjustment follows the Reserve Bank of India's upward revision in June, which saw India's growth forecast increase to 7.2 per cent from an earlier estimate of 7 per cent. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZuZXdzLmFicGxpdmUuY29tJTJGYnVzaW5lc3MlMkZpbWYtcmFpc2VzLWluZGlhLXMtZ3Jvd3RoLWZvcmVjYXN0LXRvLTctcGVyLWNlbnQtZnJvbS02LTgtcGVyLWNlbnQtZm9yLWZ5MjUtMTcwMzIxNw==) In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)

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