2024-10-23 02:50 PM IST
Under PM Modi`s leadership, India is expected to have the strongest growth among major economies, with a forecast of 7.0% in 2024 and 6.5% in 2025. India, along with Brazil, is highlighted as a key emerging market showing strong growth according to the IMF. In contrast, China’s growth is slowing, projected at 4.8% for 2024 and 4.5% for 2025. Global growth is expected to stay at 3.2% for both years, lower than before the pandemic. The US economy, driven by strong consumer spending, may boost Indian exports. However, conflicts in the Middle East and Ukraine could lead to higher oil prices, impacting India’s economy. Additionally, tight monetary policies in major economies like the US and Europe could also challenge India`s economic outlook.
