GDP

IMF Upgrades India’s FY25 GDP Growth Forecast to 6.8%

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IMF

April 16, 2024 – The International Monetary Fund (IMF) has raised India’s fiscal year 2024-25 (FY25) GDP growth forecast to 6.8%, an increase from the previous projection of 6.5%. This adjustment reflects India’s strong domestic demand and expanding working-age population, solidifying its position as the world’s fastest-growing major economy. For FY26, the IMF anticipates India’s … Read more

ADB Raises India’s FY25 GDP Growth Forecast to 7% on Strong Investment, Consumer Demand

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ADB

The Asian Development Bank (ADB) has revised its GDP growth forecast for India, projecting a robust 7% growth for the current fiscal year (2023-24), up from the previous estimate of 6.7%. This growth surge is attributed to strong investment from both public and private sectors, alongside a gradual uptick in consumer demand. While the forecast … Read more