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1. What is the revised GDP growth forecast for India in FY2024-25 according to the IMF?
The International Monetary Fund (IMF) has revised India's GDP growth forecast for FY2024-25 to 7%, an increase from the previous estimate of 6.8%. This upward revision is attributed to stronger private consumption, especially in rural areas. India's economy is expected to remain robust, solidifying its position as one of the fastest-growing major economies globally, with projected growth continuing into FY2025-26.