Public investment remains an important driver for India’s growth, says IMF

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Public investment remains an important driver for India, making it the world’s fastest growing major economy, the International Monetary Fund (IMF) said in its latest remarks on the Regional Economic Outlook for Asia and Pacific released Tuesday. The IMF also said that headline inflation may see further reductions due to lower energy prices in several economies in the Asia and Pacific region, but food price pressures – especially for rice – may slow headline disinflation in India. The IMF had earlier this month raised India’s growth forecast for the financial year 2024-25 to 6.8 per cent from 6.5 per cent...