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The IMF report adds, "Real GDP is expected to grow at 6.5% in 2024-25 and 2025-26, supported by robust growth in private consumption on the back of sustained macroeconomic and financial stability."
The IMF observes that India's financial sector has remained resilient, with non-performing loans at multi-year lows.
Fiscal consolidation has continued, and the current account deficit has remained well contained, aided by strong growth in service exports.
However, inflation has declined within the tolerance band of the Reserve Bank (of 2% to 6%), although food price fluctuations have caused some volatility.
20 sats \ 1 reply \ @grayruby 1 Mar

Do people still like Modi?

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Modi is still the world's most popular leader. I'm not sure about certain people but at least 60% people in India love him. It may surprise many but his popularity isn't maintained because he's from a certain political party but because he gets it for his hard work and talking India first.

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It was certainly to be expected... They (India) run their economy in a peculiar way... But the results always tend to be positive.

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