The International Monetary Fund (IMF) raised India’s growth projection for 2024-25 (FY25) by 20 basis points (bps) to 6.5 per cent in its World Economic Outlook (WEO) update, citing buoyant domestic spending and improved global growth prospects.
The estimate falls below the 7 per cent growth projection by the Ministry of Finance (FinMin).
For FY24, the IMF raised India’s growth estimate by 40 bps to 6.7 per cent compared to its October report, which is still lower than the 7.3 per cent growth projected by the National Statistical Office earlier this month.
Growth in India is projected to remain strong at 6.5 percent in both 2024 (FY25) and 2025 (FY26), with an upgrade from October of 0.2 percentage point for both years, reflecting resilience in domestic demand.
The IMF raised its global growth projection for 2024 by 20 bps to 3.1 per cent, compared to its October report, citing greater-than-expected resilience in the United States and several large emerging market and developing economies, as well as fiscal support in China.
For China, the IMF increased its growth forecast for 2024 by 40 bps to 4.6 per cent.
Learn Along:
About IMF
Formation: 27 December 1945 Headquarter: Washington, D.C., U.S.
MD: Kristalina Georgieva
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark ...
We have entered into an agreement to buy 100 per cent of the equity shares of England-headquartered company in an all cash deal ofRs. 250 crore.
Direction: In the following question, a sentence is given, divided into 5 parts. Part (E) is grammatically correct. Out of the other four parts, one pa...
Identify the segment in the sentence that contains a grammatical error.
The warriors reluctantly withdrawn their weapons and peace prevailed.
The continuing appreciation of the rupee’s real exchange rate meaning exports are increasing going to find themselves struggling to compete on pri...
Col. Whiting called for (A)/my office to get (B)/the loan of (C)/an elementary work on conchology (D).
According to scientists, keeping a mobile phone /for two years means that the carbon emissions used in/ manufacturing represent about half of all of the...
The fall was driven off concerns over the latest US inflation data, which revealed stronger-than-expected consumer spending in October.
The most unromantic neighbourhood that a child could be possible to live in has given me some of the fondest memories of my life.
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as...
