The IMF said it is important to promote private investment and FDI.
Regarding India’s economy, the International Monetary Fund (IMF) says that in the financial year 2025-26, a 6.5 percent GDP (GDP) growth will maintain its position as the fastest growing major economy. According to the news of the language, India will continue to have the pace of increasing the economy of India on the strength of strong private investment and comprehensive economic stability. The IMF stated that India’s strong economic performance provides an opportunity to pursue structural reforms, which is important for the country to realize the goal of becoming an advanced economy by 2047.
Actual GDP estimate
According to the news, the IMF said after consultation with India that the actual GDP is expected to grow at a rate of 6.5 percent in the financial years 2024-25 and 2025-26, which will support strong growth in personal consumption on continuous comprehensive economic and financial stability. According to the second advance estimate issued by the Government of India, the country’s economy can grow at a rate of 6.5 percent during 2024-25.
The IMF said that the main inflation is expected to get closer to the main inflation target with the reduction of food inflation. The IMF statement also emphasized the need for intensive implementation of structural reforms to promote private investment and employment and promote growth.
Comprehensive structural reform important
The IMF stated that comprehensive structural reforms are important for generating high quality jobs, promoting investment and promoting high possible growth. Efforts should be focused on implementing labor market reforms, strengthening human capital and supporting more participation of women in labor force. The IMF statement stated that it is important to promote private investment and FDI and it will require stable policy structures, more ease of trade, governance reforms and increase in trade integration.
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