Mike Pompeo
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Core Sector Industries Achieve 3.1% Growth in October
The cumulative growth rate of the Index of Eight Core Industries (ICI) for April to October, 2024-25 works out to 4.1 per cent with respect to the corresponding period of last year.
India Sees Strong Growth in Iron Ore and Non-Ferrous Metal Production
Production of iron ore has gone up from 152.1 MMT in the first seven months of FY 2023-24 (April-October) to 158.4 MMT in FY 2024-25 (April-October). That indicates a good 4.1 per cent growth.
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's Coal Production Grows by 7.5% in October
The cumulative coal production for the fiscal year up to October reached 537.45 MT, higher than 506.56 MT in the same period of FY 2023-24, which was up 6.10 percent, data showed.
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.
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