The International Monetary Fund (IMF) has recently released an important report on India's economy. According to this, India's gross domestic product (GDP) growth rate is likely to decline from 8.2 percent in 2023 to 7 percent in 2024 and 6.5 percent in 2025. This figure is important to understand India's economic situation.

Effect of covid is over

The IMF has said that the pent-up demand since the Covid pandemic has now ended. Now the economy is again taking shape in its capacity. That is, people are now shopping like before and industries are also becoming active. But despite this improvement, a decrease in the growth rate can be seen in the coming time.

Global inflation situation

The IMF has also shared its opinion on the global economy. According to the report, many countries have made great progress in the fight against inflation. The inflation rate reached 9.4 percent in the third quarter of 2022. However it is expected that this rate may fall to 3.5 percent by the end of 2025. If this happens, it will be lower than the average of 3.6 percent between 2000 and 2019.

future growth rate

IMF Chief Economist Pierre-Olivier Gourinchas said that global economic growth could remain stable at 3.2 percent in 2024 and 2025. However, the growth rate may decline in low-income countries and developing economies. This is a matter of concern, as it may increase inequality at the global level.

It is worth noting that India's economy has started recovering after the COVID-19 pandemic, but it is clear from the IMF's estimates that many challenges may arise in the next few years. At this time India needs to further strengthen its economic reforms so that it can remain competitive in the global economic environment. India will have to remain vigilant to face future challenges.