IMF raises India’s FY25 growth projection to 6.8%.
IMF raises India’s FY25 growth projection to 6.8%.
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | April 17, 2024
| Syllabus: GS-III, Subject: Current affairs, Topic: Indices and reports, Issue: Growth Projections. |
Context: World Economic Outlook report released by International Monetary Fund (IMF).
Growth drivers:
- Domestic demand and a growing working-age population.
- Consumer price inflation forecasted to decline gradually.
Challenges: Rising crude oil prices and global supply chain issues.Top of Form
Prelims Connect (Institutions in news):
| International Monetary Funds:
· Promotes global economic growth, financial stability, and poverty reduction. · It provides policy advice, financial assistance, technical assistance, and training to member countries. · Key reports include the World Economic Outlook (WEO), Global Financial Stability Report (GFSR), Fiscal Monitor, and Regional Economic Outlook. |
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