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IMF News: The Indian economy grew by 7.8 percent in April-June, the highest in five quarters, before the US imposed devastating tariffs.
IMF News : America is continuously talking about 50 percent tariff on India and yet the International Monetary Fund (IMF) has increased India’s growth rate compared to the World Bank. Recently the World Bank had increased India’s growth rate from 6.3 to 6.5. Now IMF has also increased India’s growth rate by 0.2 percent to 6.6 percent. However, IMF has estimated the growth rate of the Indian economy next year. This is an upward revision to 2025 compared to the July WTO update, with strong first-quarter growth offsetting the increase in the US effective tariff rate on imports from India from July, the report said.
India expected to move ahead even after tariffs!
At the same time, the Indian economy grew at a rate of 7.8 percent in April-June, which was the highest in five quarters before the devastating tariffs were imposed by the US. Earlier this month, the World Bank had also raised India’s growth forecast for the current financial year to 6.5 per cent from the earlier 6.3 per cent and said in the report that the country is expected to remain the fastest growing major economy. The IMF had revised its forecast for India’s economic growth to 6.4 percent for both 2025 and 2026. At the same time, in the world economic scenario of 2025, the country’s economic growth rate was estimated to be 6.2 percent and 6.3 percent in 2026.
The rate of world development will be like this in 2026
The International Monetary Fund further said that the global growth rate is projected to decline from 3.3 percent in 2024 to 3.2 percent in 2025 and 3.1 percent in 2026. This is an improvement over the July WEO update, but 0.2 percentage points lower than forecasts made before the policy changes to the October 2024 WEO. At the same time, this recession reflects the adverse conditions arising from uncertainty and protectionism. However, the tariff shock is lower than originally announced. For emerging markets and developing economies, the IMF said the growth rate was projected to decline from 4.3 percent in 2024 to 4.2 percent in 2025 and 4 percent in 2026.
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