IMF Raises India's GDP Forecast to 7% for FY 2024-2025, Lowers US Growth Projection
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IMF Raises India's GDP Forecast
IMF Raises India's GDP Forecast to 7% for FY 2024-2025, Lowers US Growth Projection
The International Monetary Fund (IMF) has raised its forecast for India's Gross Domestic Product (GDP) growth to 7% for the financial year 2024-2025. This marks an increase from the IMF's earlier projection of a 6.8% GDP growth rate in April. The IMF stated that "improved prospects for private consumption, particularly in rural areas," are behind the upgraded economic growth outlook. In comparison, the Reserve Bank of India anticipates a slightly higher growth rate of 7.2% for the current financial year. The IMF also notes that India and China have powered the "stronger activity in Asia." However, the global lender sees signs of a "cooling" in the United States. It says that US growth in 2024 was downgraded due to a "slower-than-expected start to the year."
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The International Monetary Fund (IMF) has raised its forecast for India's Gross Domestic Product (GDP) growth to 7% for the financial year 2024-2025. This marks an increase from the IMF's earlier projection of a 6.8% GDP growth rate in April. The IMF stated that "improved prospects for private consumption, particularly in rural areas," are behind the upgraded economic growth outlook. In comparison, the Reserve Bank of India anticipates a slightly higher growth rate of 7.2% for the current financial year. The IMF also notes that India and China have powered the "stronger activity in Asia." However, the global lender sees signs of a "cooling" in the United States. It says that US growth in 2024 was downgraded due to a "slower-than-expected start to the year."
---
Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
#firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
@firstpost
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در تاریخ 1403/04/27 منتشر شده
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