The Business Achiever’s Post

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

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

Very pleased to learn the International Monetary Fund raised India's growth forecast to 7% from the earlier 6.8% due to improving private consumption, particularly in rural India, whilst the IMF left unchanged its estimate for a 6.5% growth in Asia's third largest economy's #gdp in the 2025-26 financial year. #indiainc #growth #progress #economy #economicactivity

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)

Interview with Sakshi Bajaj and NDTV on World Bank on Indian Economy, GDP Growth Outlook: Driven by strong domestic demand, surge in investment and robust services activity, India will remain the fastest growing economy in the world, clocking a steady growth of 6.7 per cent for the next three fiscal years, the World Bank has said. "Private consumption growth is expected to benefit from a recovery of agricultural production and declining inflation. Government consumption is projected to grow only slowly, in line with the government's aim of reducing current expenditure relative to GDP," the WB report mentioned. Disclaimer: The discussion was purely for educational purposes and not intended as investment advice or solicitation. For specific investment guidance, please consult a registered investment advisor. The full interview 🔽 https://lnkd.in/g3sYzGva

EP Briefs | The Economic Post | The Economic Club of India Fitch's estimates are in line with that of RBI which earlier this month projected Indian economy to expand 7.2% in the current fiscal on the back of improving rural demand and moderating inflation. The Indian economy grew 8.2% in the last fiscal (2023-24), with a 7.8% expansion in March quarter. #FitchRatings #economy #growth #indianeconomy #Investment #ConsumerSpending For details, refer the link ➟ https://lnkd.in/e7QGa-Pv

#VantageOnFirstpost India's Economy Soars, Latest GDP Numbers Beat Global Expectations | Vantage with Palki Sharma India's economic growth has surpassed all expectations and remains the world's fastest growing major economy, as the per the latest GDP data. India's GDP grew at an impressive 8.2%, exceeding projections by the International Monetary Fund (IMF) and India's central bank, the Reserve Bank of India (RBI). This news comes as a major boost for the incumbent government, with the final phase of voting underway. India's fiscal deficit was also lower than the government's target. In the last financial year, India's fiscal deficit stood at 5.63%, against the full-year target of 5.8%. Palki Sharma decodes the numbers. --- India | GDP | Economy | International Monetary Fund | Firstpost | World News | Vantage | Palki Sharma #india #gdp #economy #imf #firstpost #vantageonfirstpost #palkisharma #worldnews

📊 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

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