The International Monetary Fund (IMF) has upgraded India's GDP growth forecast for the fiscal year 2024-25 by 20 basis points to 6.5%. This upward revision indicates growing optimism about India's economic recovery and resilience.
The IMF's enhanced projection underscores confidence in India's ability to rebound from the pandemic's impact and achieve stronger growth momentum in the coming years. The IMF's endorsement of a higher GDP growth rate for FY25 is indicative of India's economic resilience and positive momentum on the global stage.