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

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

Quick Summary:

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.