NEW YORK, NY – Citing India’s “reform momentum” as a key factor, the International Monetary Fund on July 29 raised India’s growth projections for this and next fiscal years to 6.4 per cent, affirming its position as the world’s fastest-growing major economy.

The IMF has more hope for global economic growth than for South Africa’s economic growth, with US tariffs shaping the outlook.

The International Monetary Fund (IMF) raised its forecast for Saudi Arabia’s economic growth in 2025 to 3.6%, up 20% from its previous estimate of 3%