Investment, private consumption driving India's growth: IMF report

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The IMF kept its GDP growth forecasts for India unchanged at 7 per cent for FY25 and 6.

It noted that pent-up demand accumulated during the pandemic has now been exhausted as the economy "reconnects" with its potential growth.

In discussions on how the World Bank can help create more jobs, Sitharaman said that jobs are the most pressing global issue, given the ongoing economic challenges and rapid technological changes that are redefining the skills required for youth entering the job market.

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Category: BusinessFinance

Markets: IndiaPhilippines

Topics: Services sector Manufacturing Asia-Pacific growth India economic growth 2024 India GDP growth Job creation IMF India growth report IMF Private consumption India fastest-growing economy Investment-driven growth Regional economic outlook Nirmala Sitharaman

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 16:18:39 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23363364

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