IMF Keeps India's GDP Growth Outlook at 6.5%

Growth in FY25 is projected to soften to 6.5%, on slowdown in investment, weak mfg

- Press Trust of India

WASHINGTON: India's economic growth is projected to remain steady at 6.7% per annum for the next two fiscal years beginning April 2025, according to the World Bank's latest growth estimates for South Asia.

Growth in South Asia is expected to rise to 6.2% in 2025-26, with the projected firm growth in India, the World Bank said on Thursday.

"In India, growth is projected to remain steady, at 6.7% a year for the two fiscal years beginning in April 2025," it said.

"The services sector is expected to enjoy sustained expansion, and manufacturing activity will strengthen, supported by government initiatives to improve the business environment. Investment growth is projected to be steady, with moderating public investment offset by rising private investment," the bank said.