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📊 India's Economic Growth: IMF Retains FY25 Estimate at 7% 🇮🇳 The International Monetary Fund (IMF) has confirmed its growth projection for India at 7% for FY25, expecting growth to stabilize at 6.5% for FY26-30. This outlook reflects a positive recovery trajectory despite ongoing global challenges. Key highlights include: GDP Growth for FY25: Retained at 7% Stabilization Expected: Growth projected at 6.5% for FY26 Global Context: The IMF's forecast remains optimistic compared to other major economies. Source: Financial Express, October 23, 2024. #India #EconomicGrowth #IMF #GDP #FiscalPolicy #Finance

📊 India's Economic Growth: IMF Retains FY25 Estimate at 7% 🇮🇳 The International Monetary Fund (IMF) has confirmed its growth projection for India at 7% for FY25, expecting growth to stabilize at 6.5% for FY26-30. This outlook reflects a positive recovery trajectory despite ongoing global challenges. Key highlights include: GDP Growth for FY25: Retained at 7% Stabilization Expected: Growth projected at 6.5% for FY26 Global Context: The IMF's forecast remains optimistic compared to other major economies. As India navigates through economic complexities, the commitment to growth potential remains strong. Source: Financial Express, October 23, 2024. #India #EconomicGrowth #IMF #GDP #FiscalPolicy #Finance Team SFPWA

Strong public investment supported by resilient domestic demand has made India the Fastest Growing Major Economy according to International Monetary Fund which projected a 30 basis points rise in India’s GDP growth to 6.8 percent in FY 25 in its World Economic Outlook Ministry of Commerce and Industry, Government of India Reserve Bank of India (RBI)

India remains the world’s largest-growing economy, with the IMF projecting a growth rate of 7% in FY24-25! This surge is driven by robust rural consumption recovery, transformative digital initiatives, and strategic policy reforms. With inflation expected to normalise and massive infrastructure investments underway, India’s growth is shaping the global economic landscape. 🚀 #IndiaEconomy #EconomicGrowth #RuralRecovery #DigitalTransformation #PolicyReforms #Infrastructure #GlobalEconomy #IMF #Growth #TBA #TheBusinessAchiever Read more 👇 https://lnkd.in/g-F6JBvN

Over the last few years, the IMF has had to consistently revise India's growth numbers upwards due to earlier underestimates. Missing short-term growth forecasts is understandable. What we shouldn't do is underestimate India's long-term growth potential... #emergingmarkets #digitalindia #inqqindex

India has the potential to become a $55 trillion economy by 2047 if both state and central governments implement growth-enhancing policies to boost the nation's growth rate from 7% to 8%, says Krishnamurthy V Subramanian, Executive Director of the IMF. Despite challenges, this goal is achievable with strategic reforms, especially given India's private credit to GDP ratio lags behind advanced economies. #India2047 #EconomicGrowth #PolicyReform #IMF #IndiaAt100

Big Breaking 🚨 The International Monetary Fund on April 16 raised India’s FY25 GDP growth forecast by 30 bps to 6.8% from its January forecast of 6.5% citing bullish domestic demand conditions and a rising working-age population. With this, India continues to be the fastest growing economy of the world, ahead of China's growth projection of 4.6% during the same period. IMF sees India's FY26 GDP growth at 6.5%. #imf #india #growth #gdp

India to take 75 years to reach quarter of US GDP: World Bank report* India will take 75 years to reach a quarter of the United States' GDP at the current rate, according to a new World Bank report that provides a comprehensive roadmap to enable developing countries to escape the “middle-income trap”. The report titled ‘World Development Report 2024’ highlights a challenge to Prime Minister Narendra Modi’s aspiration to transform the country into a developed economy by 2047, or achieve high-income status within a generation. It also reveals that over 100 countries, including India, China, Brazil, and South Africa, face significant challenges in attaining high-income status in the coming decades. In an approach paper summarising its vision for 'Viksit Bharat', Niti Aayog last week said India needed to grow at a sustained pace of 7-10 per cent for 20-30 years to escape the middle-income trap and become a developed nation with a per capita income of $18,000 per annum and the size of a $30 trillion economy by 2047. "The GDP would have to grow 9 times from today’s $3.36 trillion and the per capita income would need to rise 8 times from today’s $2,392 per annum," the government's think tank said after its 9th Governing Council meeting attended by chief ministers and lieutenant governors #NSE #BSE #INVESTING #news #IMF #WORLDBANK #GDP

Forecasts for India's GDP growth in FY 25 (fiscal year 2024-25) vary from 6.5% to 8.3%. Here's a breakdown of some projections: * International Monetary Fund (IMF): 6.8% * Asian Development Bank (ADB): 7% * PHDCCI (industry chamber): 8-8.3% These forecasts highlight expectations of continued economic growth in India, driven by factors like robust domestic demand and a large working-age population.

Krishnamurthy V Subramanian, IMF Director, believes that India has the potential to become a $55 trillion economy by 2047. He emphasised that achieving this ambitious target requires consistent 8% GDP growth and strong government policies. Subramanian highlighted the importance of financial inclusion, infrastructure investment, and human capital development as key drivers for this growth. #India #IMF #EconomicGrowth