India's economy will continue to grow rapidly!
India's economy will continue to grow rapidly!
The international Monetary Fund (IMF) has said that india will retain its position as the fastest growing economy by achieving 6.5 percent GDP growth in 2025-26 on the basis of strong private investment and macroeconomic stability. The IMF said that on the basis of its strong economic performance, the country will get an opportunity for many important and challenging structural reforms, so that the goal of becoming an advanced economy by 2047 can be achieved.
The IMF also estimated the country's GDP
The IMF also said that the country's gross domestic product is expected to grow at the rate of 6.5 percent in 2024-25 and 2025-26. It will get a major contribution from the increase in consumption at the private level on the basis of continued macroeconomic and financial stability. According to the estimate made by 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 the indian authorities, the IMF said in its report, food inflation is also expected to come down and the main inflation target is also expected to reach. However, this will require a strong effort to promote private investment and employment and structural reforms.
india needs to focus on these
The IMF also said that india needs comprehensive reforms to create high-quality jobs, promote investment and maintain economic growth in the long term. Along with this, along with improving the labor market, attention should also be paid to strengthening human capital and greater participation of women in the work force. This will also include tariff and non-tariff reduction measures. It further said that despite the recent fluctuations, India's economy remains strong and the GDP growth rate is estimated to be 6 percent in the first half of 2024-25.