
Indian Economy: The International Monetary Fund (IMF) has said that India will retain its position of the fastest growing economy by gaining 6.5 percent GDP growth in 2025-26 on the basis of strong private investment and comprehensive economic stability. The IMF said that India will get the opportunity for many important and challenging structural reforms on the basis of its strong economic performance, which can achieve the goal of becoming an advanced economy by 2047.
IMF also estimated the country’s GDP
IMF also said that the country’s GDP is expected to grow at a rate of 6.5 percent in 2024-25 and 2025-26. This will be a major contributor to increasing consumption at private level on the basis of continuous comprehensive economic and financial stability. According to the estimate of the Government of India, the country’s economy is expected to grow at a rate of 6.5 percent during 2024-25. After the annual article IV consultation with Indian officials, IMF said in its report, it is also expected to get closer to the target of food inflation and the main inflation. However, this will require private investment and strict efforts to promote employment and structural reforms.
India needs to focus on these
The IMF also said that India needs widespread reforms to produce high quality jobs, promote investment and maintain economic growth in long periods. Along with this, along with improving the labor market, attention should also be focused on strengthening human capital and more participation of women in the work force. It will also include tariffs and non-tariff redemption measures. It further stated that even after the ups and downs in recent times, India’s economy remains strong and in the first half of 2024-25, the growth rate of GDP is expected to be 6 percent.
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