India is 'one of the strong performers': IMF

India is "one of the strong performers", the International Monetary Fund, which in a report projected a 6.5 per cent growth rate for the country for the year 2024, said on Tuesday.With this, India continues to be the fastest growing economies of the world and ahead of China’s growth projection of 4.6 per cent during the same period, it said.“Indeed, India is one of the strong performers. We had a fairly sharp revision in the Fiscal Year 2023 to 2024, the one that is ending, and that has just ended. Then we have 0.3 percentage point upgrade for Fiscal Year 2024 to 2025. So India is doing quite well,” Pierre-Olivier Gourinchas, chief economist of the IMF, told reporters at a news conference in Washington.

We project growth in emerging market and developing economies to hold steady at 4.2% in 2024 and 2025. This is a modest upgrade from our October forecast and reflects improvements for emerging and developing Asia and Europe. Read more in the latest WEO. https://t.co/8rO2mQYsGf pic.twitter.com/UKc1nqFhT9

— IMF (@IMFNews) April 16, 2024

In its report the IMF said, Growth in India is projected to remain strong at 6.8 percent in FY 2024-25, and 6.5 percent in FY 2025-26 with the robustness reflecting continuing strength in domestic demand and a rising working-age population. It also said that the Global growth, estimated at 3.2 percent in 2023, is projected to continue at the same pace in FY 2024-25 and FY 2025-26.