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    IMF raises India's GDP forecast to 7% for 2024-25

    By Reuters,

    14 hours ago
    https://img.particlenews.com/image.php?url=2KHgn9_0uSwV9CS00

    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)

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