IMF Happy: India's economy projected to grow at 6.8%
APRIL 18, 2024: According to The Economic Times report, The International Monetary Fund (IMF) has projected the economy of India, the world’s youngest country, to grow at a rate of 6.8% for the financial year 2025. The report also said that this rate is higher than India’s estimated growth estimate of 6.5% in the month of January.
The IMF said that the continued strength of domestic demand in India and the growing working-age population are the primary reasons for the stable growth of India’s economy.
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The IMF estimates inflation to be 4.5% in FY2025, with inflation set to decline further in FY26.
Recently, the Asian Development Bank surprisingly changed India’s growth forecast for FY 2025 to 7%, which was earlier 6.7%.
The report also said that the World Bank has expressed great happiness for India’s growing economy in this financial year.
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