Home > Economic Growth > IMF revises India’s growth forecast upwards to 9.4% in 2010

IMF revises India’s growth forecast upwards to 9.4% in 2010

The International Monetary Fund (IMF) raised its India growth forecast for 2010 to 9.4% from 8.8% estimated in April. However, it retained its forecast at 8.4% for 2011.

According to the IMF, India’s GDP growth is expected to accelerate to 9.4% in 2010 as robust corporate profits and favourable financing conditions fuel investments. However, it must be noted that IMF’s forecast is for the calendar year 2010.

In the July 2010 update, the IMF has raised its global growth forecast for 2010 to 4.5% from its earlier estimate of 4% in the April, reflecting stronger activity in the first half of 2010 (January-June).

  July 2010 Projection April 2010 Projection
  2009 2010 2011 2010 2011
World Output –0.6 4.6 4.3 4.2 4.3
Advanced Economies –3.2 2.6 2.4 2.3 2.4
 United States –2.4 3.3 2.9 3.1 2.6
 Euro Area –4.1 1 1.3 1 1.5
 Germany –4.9 1.4 1.6 1.2 1.7
 France –2.5 1.4 1.6 1.5 1.8
 Japan –5.2 2.4 1.8 1.9 2
 United Kingdom –4.9 1.2 2.1 1.3 2.5
Emerging, Developing Economies 2.5 6.8 6.4 6.3 6.5
Developing Asia 6.9 9.2 8.5 8.7 8.7
 China 9.1 10.5 9.6 10 9.9
 India 5.7 9.4 8.4 8.8 8.4
Source: IMF
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Categories: Economic Growth
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