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1. What is the GDP growth rate for India retained by the IMF for the current fiscal year?
The International Monetary Fund (IMF) has retained India’s GDP growth rate at 7% for the current fiscal year ending March 31, 2025. This projection highlights India's robust economic performance amidst global uncertainties. While the growth rate for the following fiscal year (2025-26) is expected to moderate to 6.5%, the current year’s projection reflects strong economic activity. In contrast, global growth is set at 3.2% for 2024, and the U.S. economy's growth rate was revised upward to 2.8%.