The International Monetary Fund (IMF) Tuesday raised India's GDP projection by 0.2 percentage point to 6.3 per cent even as it slashed the global growth forecast to 2.9 per cent in 2024 from three per cent in 2023.
With the IMF forecasting a robust economic growth for India, Union Home Minister Amit Shah Wednesday said when the country is led by a sensitive, hardworking and dedicated leader like Prime Minister Narendra Modi, extraordinary results become imperative.
The International Monetary Fund (IMF) Tuesday raised India's GDP projection by 0.2 percentage point to 6.3 per cent even as it slashed the global growth forecast to 2.9 per cent in 2024 from three per cent in 2023.
"Leadership matters. When the nation is led by a sensitive, hardworking and dedicated leader, then extraordinary results become imperative. On account of the visionary leadership of PM @narendramodi Ji our nation is growing at a rate faster than that of developed nations today.
"What an economist Prime Minister couldn't achieve, a leader dedicated to the people accomplished. More power to you Modi Ji on the path to making our Bharat the foremost country in the world," Shah wrote on 'X'.
The IMF's 'World Economic Outlook' noted that the growth in India is projected to remain strong at 6.3 per cent in both 2023 and 2024, with an upward revision of 0.2 percentage point for 2023, reflecting stronger-than-expected consumption during April-June.
India's growth is projected to be higher than China's, the second-largest economy in the world.
The IMF's projection for the United States in 2024 is 1.5 against 2.1 in 2023, for Germany 0.9 against -0.5, the UK's 0.6 against 0.5 and Canada's 1.6 against 1.3.