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01:11
IMF raises India's GDP growth forecast for 2024-25 to 7 pct
STORY: IMF raises India's GDP growth forecast for 2024-25 to 7 pct
SHOOTING TIME: Recent footage
DATELINE: July 18, 2024
LENGTH: 00:01:11
LOCATION: New Delhi
CATEGORY: ECONOMY
SHOTLIST:
1. various of the India Gate
2. various of market area
3. various of fuel station
4. various of the Reserve Bank of India
STORYLINE:
The International Monetary Fund (IMF) Tuesday raised India's GDP growth forecast for 2024-25 to 7 percent from 6.8 percent projected in April.
The revision was made in IMF's July 2024 World Economic Outlook report released on Tuesday.
"The forecast for growth in India has also been revised upward, to 7.0 percent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas," IMF said in the report.
The IMF expects India's GDP growth to slow down to 6.5 percent in 2025.
GDP expanded at 8.2 percent in 2023 in India, higher than the 7 percent recorded in 2022.
Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)
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