The International Monetary Fund retained its growth rate projects for India in its latest World Economic Outlook (WEO) and expected India to grow at 7 per cent in the current fiscal year ending March 31, 2025 and 6.5 per cent in the next fiscal year (FY2025-26).

• Earlier this month, the Reserve Bank of India (RBI), in its latest monetary policy committee (MPC) review, also kept its growth projection for the current financial year unchanged at 7.2 per cent.
• The projected growth rate for the fiscal year 2026 is set at 6.5%, surpassing the growth projections for both advanced and emerging economies.
• Global economic growth is anticipated to decelerate to 3.2% in 2024, down from 3.3% in the previous year.