India's strength increased due to this decision of IMF, no country in the world will be able to compete

New Delhi : During the Corona virus epidemic, India has shown its strong economy to the world. Since then, India has recorded steady growth. After the World Bank, the International Monetary Fund i.e. IMF also approved it. Although the International Monetary Fund has made no changes to its growth forecast for India, there are clear signs of a slowdown in other parts of the global economy due to political tensions. In such a situation, the stability of India's economic growth is also being seen as a very good sign. So let's talk about what the International Monetary Fund estimates for the GDP of this country.

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international monetary fund

The International Monetary Fund (IMF) said on Tuesday that India's gross domestic product (GDP) growth rate is expected to decline from 8.2 percent in 2023 to seven percent in 2024. It will further fall to 6.5 percent in 2025. The IMF said that as the economy regains its capacity, the demand that has been stalled due to the Covid pandemic has ended.

International Monetary Fund i.e. IMF

Looking at the global economy, the IMF said the fight against inflation has been largely won, although price pressures remain in some countries. Earlier this month, the Reserve Bank of India had estimated the country's economic growth at 7.2 percent due to strong domestic demand. The World Bank also estimates that India's GDP will be only 7 percent in the financial year 2025.

How much can inflation last?

Inflation reached an annual high of 9.4 percent in the third quarter of 2022, but could fall to 3.5 percent by the end of 2025. In this case it will be below the average value of 3.6 percent from 2000 to 2019. The government has recently published inflation data for the month of September. India's inflation rate in September was 5.5 percent. Meanwhile, it is believed that the country's inflation rate has come down to below 4 percent in July and August.

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Significant decline in the growth rate of developing countries

The IMF estimates that global economic growth will remain stable at 3.2 percent in 2024 and 2025. According to IMF chief economist Pierre-Olivier Gourinchas, the global economy has been unusually aggressive in controlling inflation. Global economic growth will remain stable at 3.2 percent in 2024 and 2025, he said.