Economic news

IMF raises India’s GDP forecast to 7% for 2024-25

2024.07.16 10:09

BENGALURU (Reuters) – The International Monetary Fund on Tuesday raised India’s growth forecast for 2024-25 to 7% from 6.8% on the back of improving private consumption, particularly in rural India.

© Reuters. FILE PHOTO: Debashis Dhara, a vegetable vendor, speaks on his mobile phone at a retail market area in Kolkata, India, March 22, 2022. Picture taken March 22, 2022. REUTERS/Rupak De Chowdhuri/File Photo

The IMF left unchanged its estimate for a 6.5% growth in Asia’s third largest economy’s gross domestic product in the 2025-26 financial year, it said in the World Economic Outlook.

The IMF had raised its forecast for India’s GDP growth to 6.8% from 6.5% in April.



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