IMF Raises India's Growth Projections for 2024; Country Remains Fastest Among Developing Nations
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IMF Raises India's Growth Projections for 2024; Country Remains Fastest Among Developing Nations IMF's Latest Outlook on India's Growth The International Monetary Fund (IMF) has revised upwards its growth projections for India in 2024, from 6.5 percent to 6.8 percent, reaffirming the country's status as the fastest-growing economy among emerging markets and developing economies. Factors Driving India's Growth India's robust economic growth projections are attributed to the strength in domestic demand and a rising working-age population, according to the IMF's World Economic Outlook report. The country's demographic dividend, with a significant portion of new workforce entrants expected to come from India and sub-Saharan Africa, is poised to support global workforce growth in the medium term. Economic Performance of Emerging Markets The IMF's report highlights the consistent outperformance of economic growth in emerging markets, including India, comp...