New Delhi: The International Monetary Fund (IMF) has revised its growth projection for India’s economy in the 2024-25 financial year, raising it to 7 percent from 6.8 percent.
The upward adjustment is attributed to an anticipated improvement in private consumption, especially in rural areas of the country. The IMF made this announcement in its latest World Economic Outlook report Issued on Tuesday.
For the 2025-26 financial year, the IMF has retained its previous projection of 6.5 percent growth in India’s gross domestic product (GDP). This estimate is unchanged from the earlier forecast.
In April, the IMF had raised India’s GDP growth forecast for the 2024-25 fiscal year to 6.8 percent from 6.5 percent. The current amendment further promotes the growth outlook by highlighting the resilience and potential of the Indian economy.
