IMF: India's growth rate is estimated to be 6.5% in 2024-2025, global GDP growth rate may be 3.1% this year.
IMF: The 'World Economic Outlook' report was released by the IMF on Tuesday. This report indicates that over the next two years, India's development will continue to be robust. In 2024 and 2025, India's growth rate is projected to be 6.5. India might benefit from the report that was made public a day earlier.
Regarding India's economy, the International Monetary Fund (IMF) has asserted significant claims. The Indian economy will continue to grow in the upcoming two years, 2024 and 2025, predicts the IMF. India's growth will continue to be robust. India's growth rate is expected to surpass China's, according to the IMF. The international organisation predicts that in the upcoming years, India will continue to top the list of developing nations.
The IMF released the ‘World Economic Outlook’ report on Tuesday. It has been told in this report that India's development will remain strong in the coming two years. India's growth rate is estimated to be 6.5 in 2024 and 2025. The report released a day earlier may provide relief to India. Talking at the global level, the report says that the global growth rate will increase to 3.1 per cent in 2025, while the growth rate will increase to 3.2 per cent in the next year 2025. At the same time, India's main rival China is far behind India in statistics.
According to the IMF, China's growth rate is expected to be 4.6 per cent in 2024 and 4.1 per cent in 2025. If IMF data is to be believed, China may face a setback in 2025. At the same time, the growth rate of America, the world's strongest and largest economy, is also expected to fall in the report. America's growth rate, which was 2.5 per cent in 2023, will be 2.1 per cent in 2024 and only 1.7 per cent in 2025. The figures of the report may prove to be a bit scary for America.
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According to the report, India is the emerging economy with the fastest rate of growth, according to a blog post by Pierre-Olivier Gourinchas, chief economist at the IMF. It is now beginning to clear the clouds. The world economy is about to land successfully. Growth and development are about to accelerate even as inflation is gradually declining. Nevertheless, development and expansion are currently proceeding slowly. Both America and China have very little chance of developing shortly. This is primarily due to America's tight economic policies, and the demise of sugar is primarily caused by low investment and consumption.
