Good news has come from abroad about the Indian Economy. The International Monetary Fund i.e. IMF has expressed confidence in India, saying that in FY 2026, India will remain the fastest growing economy in the world and its GDP can be 6.5 percent. However, the global body has also mentioned some such steps, through which it will be easy to get this target.
Good signs received in the third quarter
Let us know that the Central Government had released GDP data for the third quarter of FY 2025 on February 28, which are expecting around. In the third quarter of the current financial year, India’s growth rate (GDP growth rate) has been 6.2 percent. Earlier in the second quarter, revised GDP growth rate was 5.6%. The GDP growth rate for the third quarter was estimated to be 6.3%, while the entire year growth rate can be at 6.5% as per the estimate.
According to IMF, there will be fire
While the figures of GDP Growth released by the government on Friday have been relieved, the estimate of IMF is going to create enthusiasm. According to the International Monetary Fund (IMF), India is ready to maintain its position as the world’s fastest growing major economy with an estimated GDP growth of 6.5% in 2025–26. However, the IMF has described some reforms important for future pace. This report of the global body came after the Government of India estimated to be 6.5% for the GDP growth rate for FY 2024-25.
India will have to improve here
The IMF has said in its report that promoting strong private investment and foreign direct investment (FDI) will be important to maintain its pace for India. Along with this, business integration will be required through stable policy structures, ease of trading and tariff and non-tariff cuts. Due to these steps, India’s economic growth will be fast despite global uncertainties. The international body has expressed hope that India has the support of strong growth in personal consumption on the basis of constant comprehensive economic and financial stability.
India towards becoming a developed nation in 2047
The Indian Economy remains flexible despite the slight softness in GDP Growth, the first half of the financial year 2024-25 recorded a 6% year-to-year growth. Apart from this, India’s Inflation Rate has come within 2-6% of RBI. The new assessment of IMF is going to underline India’s economic strength and at the same time emphasizing continuous improvement to ensure long -up prosperity and to achieve its goal of becoming a developed nation by 2047.
GDP increased per capita in the country
On the one hand, while the IMF has made a relief estimate of the Indian economy, on the other hand, the State Bank of India (SBI) has said in its EcuP report that India’s per capita GDP is estimated to reach Rs 2.35 lakh at the current prices in the financial year 2024-25 (FY 25), taking advantage of the government’s better policies and direct profit transfer (DBT) system.
The report released on Saturday said that in the last two financial years, per capita GDP has increased by more than Rs 40,000. Along with this, SBI has also revised the India GDP growth rate estimate for FY 25 to 6.5 percent, which was 6.4 percent earlier.