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In particular, it said, policies that enhance the skills and productivity of the country’s young workforce can significantly strengthen the virtuous cycle of investment and growth.
The report said India continues to be the fastest growing major economy and faced the least amount of cut amongst other global economies as projected by various global agencies.
As per the IMF’s World Economic Outlook (April 2025), India’s real GDP growth for 2025-26 is pegged at 6.2%, 30 basis points lower than its previous forecast in January 2025. These revisions are on account of higher levels of global uncertainties and trade tensions.
Multiple agencies project India’s growth at 6.3-6.7% in FY26, supported by robust domestic fundamentals, stable macroeconomic management, and growing government capital expenditure, while declining inflation strengthens this outlook, it said.
As per the report, India’s economy as of April 2025 is characterised by robust domestic fundamentals, prudent macroeconomic management, and a capacity to withstand external shocks.
Strong private consumption, especially the rural rebound, and robust services exports remain the primary engines of growth.
(With PTI inputs)
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