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IMF Upgrades India’s FY24-25 GDP Forecast to 7%

Kumari Sonali

IMF Upgrades India’s FY24-25 GDP Forecast to 7%:

The International Monetary Fund (IMF) has revised its forecast for India’s GDP growth in FY2024-25 upward to 7%, a 20 basis point increase from the previous estimate of 6.8%. This revision reflects the IMF’s updated World Economic Outlook report, driven by enhanced consumption prospects, particularly in rural areas.

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