IMF predicts 7% FY25 growth for India.
• IMF maintains growth rate projects for India in its latest World Economic Outlook.
• India expected to grow at 7% in FY2025 and 6.5% in FY2025-26.
• World output expected to grow at 3.2% in 2024 and 2025.
• India’s growth drop from 8.2% in 2023 due to exhausted pent-up demand.
• U.S. projected to grow at 2.8% this year and 2.2% next year.
• Global battle against inflation largely won, despite price pressures in some count