India’s dominance will remain! IMF expressed confidence, said – ‘World’s fastest economy …’

New Delhi: Good news has come from abroad regarding the Indian economy. The International Monetary Fund (IMF) has expressed confidence in India and said that in the financial year 2026, India will remain the fastest growing economy in the world and its GDP can be 6.5 percent. However, the global body has also mentioned some such steps, through which it will be easy to achieve this target.

Good signs found in the third quarter
Let us tell you that on February 28, the central government had released the GDP figures for the third quarter of the financial year 2025, which have been around the expectations. India’s growth rate in the third quarter of the current financial year has been 6.2 percent. Earlier, the revised GDP growth rate in the second quarter was 5.6%. The GDP growth rate for the third quarter was estimated to be 6.3%, while the growth rate for the whole year can be estimated at 6.5%.

According to IMF, the magic will remain

While the GDP growth figures released by the government on Friday have come as a relief, the IMF’s estimate is encouraging. According to the International Monetary Fund, India is set to maintain its position as the world’s fastest growing major economy with an estimated GDP growth of 6.5% in 2025-26. However, the IMF has described some reforms as important for future momentum. This report of the global body comes after the Government of India estimated the GDP growth rate to be 6.5% for the financial year 2024-25.

India will have to make improvements here

The IMF has said in its report that promoting strong private investment and foreign direct investment will be important for India to maintain its momentum. Along with this, there will be a need for stable policy framework, ease of doing business and trade integration through tariff and non-tariff reductions. Due to these steps, India’s economic growth will remain strong despite global uncertainties. The international body has expressed hope that India is supported by strong growth in private consumption on the basis of continued macroeconomic and financial stability.

India towards becoming a developed nation in 2047
Despite a slight slowdown in GDP growth, the Indian economy remains resilient, with 6% year-on-year growth recorded in the first half of the financial year 2024-25. Apart from this, the inflation rate has come within the RBI’s prescribed range of 2-6%. The new assessment of the IMF is going to underline India’s economic strength and at the same time emphasize on continued reform to ensure long-term prosperity and achieve its goal of becoming a developed nation by 2047.

Per capita GDP increased in the country
While on one hand the IMF has given a relief estimate about the Indian economy, on the other hand the State Bank of India has said in its Ecowrap report that by taking advantage of the better policies of the government and the direct benefit transfer system, India’s per capita GDP is estimated to reach Rs 2.35 lakh at current prices in the financial year 2024-25 (FY25).

The report released on Saturday states that the per capita GDP has increased by more than Rs 40,000 in the last two financial years. Along with this, SBI has also revised the India GDP growth rate estimate for FY25 to 6.5 percent, which was earlier 6.4 percent.