IMF
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IMF Projects India as a Key Driver of Growth in the Asia-Pacific Region
The report stated that the IMF World Economic Outlook report released last on October 2 retains GDP growth forecasts for the economy at a robust 7 per cent and 6.5 per cent, for FY25 and FY26, respectively.
India Continues to Be the World's Fastest Growing Economy, IMF
"India is expected to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices normalize," Krishna Srinivasan, Director for the IMF Asia Pacific Department, said in a PTI interview on Tuesday.
IMF Keeps 2024 Global Growth Forecast at 3.2%, Cautions About Geopolitical Tensions
"Added to the usual uncertainty about the outlook in advanced economies, a high level of uncertainty surrounds the global economic outlook," the report on Tuesday said.
India's Economy Shows Strong Performance, Says Gita Gopinath
Gopinath, who sees India jumping to being the world's third largest economy by 2027, said such growth has to be inclusive and broad-based. "It is crucial for this growth to be inclusive and create enough jobs so that the gains from growth are shared widely," she said.
IMF Boosts India’s 2024-25 GDP Growth Projection to 7%
https://thenewsmen.co.in/business/indias-defense-exports-surge-30fold-in-the-past-decade/130617
India's Economic Ascendancy Amidst China's Slowdown: IMF Endorses Modi Government's Policies
The report attributes India's robust growth to robust domestic demand, fueled by substantial government spending on critical infrastructure projects like highways, railways, ports, and power plants, alongside a resurgence in rural consumption. Investments in agriculture, rural employment schemes such as MNREGA, and initiatives supporting women self-help groups have further stimulated rural demand, expanding the market for industrial goods.
IMF Upgrades India's Growth Forecast to 6.8% for 2024
India maintains its position as the world's fastest-growing economy, outpacing China, which is forecasted to grow at 4.6 per cent during the same period.
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