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IMF raises India's GDP growth projection for FY25

IMF raises India's GDP growth projection for FY25 by 20 bps to 6.5% The International Monetary Fund (IMF) on Tuesday raised India’s growth projection for financial year 2025 by 20 basis points to 6.5 per cent in its update to the World Economic Outlook (WEO) amid buoyant domestic spending and better global growth prospects. For financial year 2024, the Fund raised the growth estimate for India by 40 basis points to 6.7 per cent compared to its October report. This is lower than the 7.3 per cent growth projected by the National Statistical Office earlier this month. “Growth in India is projected to remain strong at 6.5 per cent in both 2024 (FY25) and 2025 (FY26), with an upgrade from October of 0.2 percentage points for both years, reflecting resilience in domestic demand,” the IMF said in its report. ©SHIRSENDU KARMAKAR #IMF #GDP_Of_India
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