Projected GDP Growth Rate: Everyone must know and discuss
A few days back, the report of IMF has been received. The IMF has said in the report: "Growth in India is projected to remain strong at 6.5% in both 2024 (FY25) and 2025 (FY26), with an upgrade from October of 0.2 percentage point for both years, reflecting resilience in domestic demand".In this connection, it is relevant to remember that RBI has estimated 7.4% GDP growth for India in the Financial Year 2024-25.
Not only that, India also tops the chart in projected GDP growth among the top economies in the world. The ranking is given below:
1. India: 6.5%
2. Indonesia: 5%
3. China: 4.2%
4. Saudi Arabia: 4%
5. Turkey: 3%
6. South Africa: 1.8%
7. Canada: 1.6%
8. US: 1.5%
9. Brazil: 1.5%
10. France: 1.3%
11. Russia: 1.1%
12. Japan: 1%
13. Germany: 0.9%
14. Italy: 0.7%
15. UK: 0.6%
I expect respected Members will recall this stupendous success of our country in economic front and discuss this achievement.