- India is expected to grow by 6.7%, which is more than the 2.7% world growth rate, according to World Bank projections.
- India is expected to dominate the world economy, according to the World Bank’s World Economic Prospects report (WEP), which was released in January 2025.
- According to the report, for the next two fiscal years, India will continue to be the large economy with the quickest rate of growth.
- A flourishing services sector and a revived manufacturing base are credited by the with this exceptional momentum.
- Government policies, which range from tax simplification to infrastructure modernisation, are boosting domestic growth and establishing India as a pillar of international economic stability.
- Additionally, the report predicts that China’s economic growth will slow to 4% in the upcoming year.
- According to the report, manufacturing WEP report activity is predicted to increase while the country’s services sector is predicted to continue growing strongly.
- A healthier employment market, easier access to finance, and declining inflation are all expected to boost private consumption in the nation.
- For the fiscal years 2025 and 2026, the IMF predicted that India’s growth would continue to be strong at 6.5%.
