Question
Which of the following statements is/are incorrect?
1. IMF forecasts India’s growth at 7% for 2024-25 and 7.5% for 2025-26. 2. India is expected to remain the world’s fastest-growing economy according to the IMF. 3. Global growth is projected to be 3.2% for both 2024 and 2025. 4. China’s growth rate is projected to be higher than India’s in 2025.Solution
• Statement 1: Incorrect. IMF forecasts 7% for 2024-25 and 6.5% for 2025-26. • Statement 2: Correct. India is projected to remain the fastest-growing economy. • Statement 3: Correct. Global growth is expected to be 3.2% for both years. • Statement 4: Incorrect. India’s growth rate is higher than China’s 6.5% vs 4.5% in 2025.
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