IMF raises India’s economic growth projection to 6.8% from 6.5% in 2024 | Economy & Policy News
Inflationary pressures easing as global prices come down4 min read Last Updated : Apr 16 2024 | 6:52 PM IST
The International Monetary Fund on Tuesday raised India's growth projection to 6.8 per cent from its January forecast of 6.5 per cent 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 per cent during the same period.
"Growth in India is projected to remain strong at 6.8 per cent in 2024 and 6.5 per cent in 2025, with the robustness reflecting continuing strength in domestic demand and a rising working-age population," said the latest edition of the World Economic Outlook released by the IMF ahead of the annual spring m...