GDP Of India: OECD increased India's GDP estimate for the next financial year, heavy investment will give impetus to the economy

GDP Of India: OECD increased India's GDP estimate for the next financial year, heavy investment will give impetus to the economy

India GDP Data: After IMF, OECD has also increased the estimate of India's economic growth rate for the coming financial year 2024-25. . According to OECD, the Indian economy will grow at the rate of 6.5 percent in 2024-25 due to the strong surge in investment. Earlier OECD had estimated the economic growth rate to be 6.1 percent.  

OECD (Organization for Economic Co-operation and Development), an organization of 38 large income countries, said that the Indian economy will grow at the rate of 6.7 percent in the current financial year 2023-24. IMF has also estimated 6.7 percent. However, the Statistics Ministry of India has estimated the GDP to be 7.3 percent in the current financial year. According to OECD, the economy will grow at the rate of 6.25 percent in 2025-26. There is also hope for relief from inflation. The inflation rate in India is estimated to be 4.9 percent in 2024-25, which was earlier estimated to be 5.3 percent. Inflation rate may be 4.3 percent in 2025-26. OECD has also improved the global growth outlook. He believes that the global growth rate in 2024 could be 2.9 percent, which was earlier estimated to be 2.7 percent.  

Last week, the International Monetary Fund also released its estimate and said that India will grow at the rate of 6.5 percent in 2024. While releasing the World Economic Outlook report, IMF has improved its estimate by 20 basis points. According to the report, due to strong domestic demand in 2024 and 2025, India will grow at the rate of 6.5 percent in both the years. Recently, the Finance Ministry released a report on the Indian economy and said that 2023-24 is the third consecutive year when India's economic growth rate is going to be more than 7 percent, while the global economy is going to grow at the rate of even 3 percent. Have to struggle for.  

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