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IMF Raises India’s Growth Forecast to 6.4% Why in the News ? The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY2025-26 and FY2026-27 to 6.4%, citing easing global trade tensions, improved financial conditions, and a more benign external environment compared to earlier projections. IMF Projections and Growth Outlook: India’s GDP growth …
Read MoreWhy in the news? India’s real Gross Domestic Product (GDP) for FY24 grew by a faster-than-expected 8.2%, exceeding the initial projection of 7.3% by the National Statistical Office (NSO). Nominal GDP witnessed a growth rate of 9.6% in FY24, with real Gross Value Added (GVA) expanding by 7.2%. The significant growth in the manufacturing sector …
Read MoreWhy in the news? NCAER predicts India’s GDP growth may exceed 7% for 2024-25, citing positive monsoon forecast and global economic prospects. About the GDP Growth Forecast: NCAER predicts India’s GDP growth may exceed the Reserve Bank of India’s estimate of 7% for 2024-25. Positive factors include expectations of an above-normal monsoon, upgraded global growth …
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