India’s growth estimate for FY24 is increased by the IMF to 6.7%.
In recent days “World Economic Outlook” report, the International Monetary Fund (IMF) increased India’s GDP growth forecast for FY24 by 40 basis points (bps) to 6.7% and for FY25 by 20 bps to 6.5%, citing “resilient domestic demand. ” India’s major economy would continue to grow at the fastest rate in the world, at 6.7%….