IMF raises India's GDP forecast to 7% for 2024-25
Tweet
Share
E-mail
FILE PHOTO: Debashis Dhara, a vegetable vendor, speaks on his mobile phone at a retail market area in Kolkata, India, March 22, 2022. Picture taken March 22, 2022. REUTERS/Rupak De Chowdhuri/File Photo
BENGALURU (Reuters) - The International Monetary Fund on Tuesday raised India's growth forecast for 2024-25 to 7% from 6.8% on the back of improving private consumption, particularly in rural India.
The IMF left unchanged its estimate for a 6.5% growth in Asia's third largest economy's gross domestic product in the 2025-26 financial year, it said in the World Economic Outlook.
The IMF had raised its forecast for India's GDP growth to 6.8% from 6.5% in April.
(Reporting by Nandan Mandayam in Bengaluru)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NATO steps up intelligence-sharing over Russia threat, top commander says
- Oil prices jump 4% as Houthis fire missiles at Saudi Arabia
- Russia says strikes hit Ukrainian military-linked facilities, vessels
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
