IMF keeps India's FY25 growth forecast unchanged at 7%
New Delhi: The International Monetary Fund (IMF) has maintained India's GDP growth forecast for FY25 at 7 percent, according to its latest World Economic Outlook released on October 22.
The IMF also kept its FY26 growth projection unchanged at 6.5 percent, consistent with its July outlook.
India's economy had grown 6.7 percent in the first quarter of FY25, as per government data released in August.
Although high-frequency data indicates a possible slowdown in the second quarter, the Reserve Bank of India, in its recent review, retained its FY25 growth forecast at 7.2 percent, with a projected growth of 7.4 percent for the second half of the fiscal year.
The IMF's forecast follows the World Bank's upgrade in September, which raised its growth projection for India to 7 percent from 6.6 percent.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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