May 26, 2024
  • The International Monetary Fund (IMF) has raised India’s growth forecast for 2024-25 to 6.8% from 6.5% on the back of strong domestic demand and a rising working-age population.
  • The Reserve Bank of India, the country’s central bank, estimates the economy to grow at 7% in the current financial year that started on April 1.
  • The IMF estimates Asia’s third largest economy’s gross domestic product to grow at 6.5% in the next financial year.
  • It projected global output growth in 2024 and 2025 at 3.2%, after bottoming out at at 2.3% at the end of 2022.
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