India GDP IMF Report: The International Monetary Fund (IMF) has reported that the Indian economy is growing rapidly. The IMF has expressed confidence in India’s economy, saying that India will become the fastest growing economy in the world in FY 2025-26, which is likely to grow 6.5 percent of GDP growth. In addition, it has also advised to take some steps to maintain GDP growth. So that the goal of becoming the third largest economy in the world can be achieved quickly.
Good signs will be seen in the third quarter.
The GDP growth was recorded at 6.2 percent in the third quarter of FY 2024-25. However, this expected GDP growth rate is less than 6.3 percent. The growth rate of GDP was recorded at 5.6 percent in the second quarter. The growth rate of GDP at the end of the financial year is estimated to be 6.5 percent.
This area has to be improved.
The IMF has also given some advice to India to maintain GDP growth. Accordingly, strong private investment and FDI will have to be encouraged. Business will have to integrate through policy structure, ease of doing business and tariff-tariff cuttings. India’s GDP growth is increasing rapidly amid global challenges. Professional, economic and financial stability is necessary to maintain this speed. India’s personal consumption is getting support from a strong growth.
Developed nation will become in 2047
The Indian economy is growing despite a slight decline in GDP growth. The annual growth rate of six percent was recorded in the first six months of the financial year 2024-25. The inflation rate remains stable at 2-6 percent of the RBI target. The new assessment of IMF underlines India’s economic strength. Also, the country will achieve the goal of becoming a developed nation by 2047, which will ensure long -term prosperity.
Per capita gross domestic product increased in the country
The IMF has given some assurances about the Indian economy. State Bank of India Ecorap report also said that India’s per capita GDP has increased by Rs 1.5 lakh crore in 2018-19 due to the best policies and DBT system of the government. It is estimated to reach 2.35 lakhs. In the last two financial years, per capita GDP is Rs. It has increased by 40,000. Also, a target has been set to enter the GDP growth rate of 6.5 percent in the current financial year.
