International Monetary Fund (IMF)

  • 18 Apr 2024

On 16th April 2024, International Monetary Fund (IMF) raised India's economic growth forecast to 6.8% for FY25, citing robust domestic demand and a growing working-age population.

  • Robust domestic demand and increasing working-age population contribute to the upgrade.
  • India's GDP growth for FY24 also revised upwards to 7.8%.
  • IMF projects India's growth at 6.8% in 2024 and 6.5% in 2025.
  • Global economy forecasted to grow by 3.2% for FY25, with the US at 2.7%.
  • Despite inflationary pressures, employment and incomes have remained steady globally.
  • Geo-economic fragmentation and government spending tighten growth expansion globally.