IMF raises India’s growth projection to 6.8% in 2024

New Delhi: The International Monetary Fund (IMF) has revised upwards its growth projections for the Indian economy in its latest World Economic Outlook report. The multilateral agency now expects India’s real GDP to grow by 6.8% in 2024, up from its previous estimate of 6.6%. For 2025, the growth projection has been set at 6.5%.

This upward revision comes on the back of India’s robust economic performance in 2023, when the country’s GDP grew by an impressive 7.8%. India’s economy has demonstrated remarkable resilience, bouncing back strongly from the COVID-19 pandemic and navigating global economic uncertainties with relative ease.

The IMF’s revised projections reflect growing confidence in India’s economic fundamentals and its ability to sustain a high growth trajectory. India’s domestic demand, fueled by a burgeoning middle class and increased infrastructure spending, has been a key driver of this growth momentum.