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IMF lifts India's FY25 growth forecast to 7%
Business Standard
|July 17, 2024
Raises estimate by 20 bps amid boost in pvt consumption
The International Monetary Fund (IMF) on Tuesday raised its projection of growth in India's gross domestic product (GDP) for 2024-25 by 20 basis points to 7 per cent amid a boost in private consumption, especially in rural areas.
"The forecast for growth in India has ... been revised upward ... with the change reflecting carryover from upward revisions to growth in 2023 ...," the update to the IMF's World Economic Outlook (WEO) said.
In 2025-26, the IMF expects growth to slow to 6.5 per cent, the same as what was projected in its April WEO.
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