National News
IMF Happy: India’s economy projected to grow at 6.8%
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.
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.
Get The Latest News Of World First On Mobile, Click Here To Join Our WhatsApp Group
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.
Also Read | Strict action by Google: 28 employees protesting against Project Nimbus were shown the way out
