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IMF raises India's GDP growth forecast by 20 basis

IMF raises India's GDP growth forecast by 20 basis points to 7% for FY25 Global growth projection put at 3.3% for calendar year 2025; energy and food price inflation 'almost back' to pre-pandemic levels The International Monetary Fund (IMF) on Tuesday raised India’s growth projection for FY25 by 20 basis points to 7 per cent, citing “improved prospects” for private consumption, particularly in rural areas. The IMF expects gross domestic product (GDP) growth in FY26 to slow down to 6.5 per cent, same as projected in its April World Economic Outlook (WEO). “The forecast for growth in India has also been revised upward, to 7.0 percent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas,” it said in an update to the WEO. ©SHIRSENDU KARMAKAR #IMF
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