On September 3, the World Bank raised India's Gross Domestic Product (GDP) growth forecast for the financial year 2024-25 from 6.6% to 7%. According to World Bank Country Director (India) Auguste Tano Koume, the Indian economy grew at a rate of 8.2% in the last financial year 2024, which was the fastest. India's economy is still growing at a good pace. In such a situation, the World Bank has increased its growth forecast for the current financial year. RBI had maintained India's GDP growth forecast for FY25 at 7.2%. The International Monetary Fund i.e. IMF raised India's GDP growth forecast for the financial year 2024-25 by 0.20% to 7%. GDP is one of the most common indicators used to track the health of the economy. GDP shows the value of all goods and services produced within a country in a given time. It also includes the production done by foreign companies while staying within the country's borders.
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