IMF, ADB and World Bank raise India growth forecasts above 7%
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Economic resilience and GDP growth trends: a key GS3 indicator for Indian macroeconomics.
Why in news
The IMF, ADB, and World Bank have raised India's GDP growth forecasts to above 7% for the current and next year, reflecting economic resilience.
Background
India's GDP grew from $1 trillion in 2007 to nearly $4 trillion. The average GDP growth between 2021 and 2025 was 7.83%, the second-highest five-year average since 1960.
Facts for Prelims
- FactIMF, ADB, and World Bank have raised India's growth forecasts above 7% for this year and next.
- FactRBI hiked its growth estimate to 7.1%.
- FactIndia's economy contracted by 5.8% during the pandemic and rebounded by 9.7% in 2021.
- FactIndia's GDP was nearly $4 trillion as of 2026.
Prelims practice question
What was the average GDP growth rate for India between 2021 and 2025?
- (a)7.83%
- (b)9.25%
- (c)8.12%
- (d)6.50%
Show answer
Answer: (a) 7.83% — The note states the average GDP growth between 2021 and 2025 was 7.83%.
For Mains
Q. Analyze the factors contributing to India's sustained GDP growth above 7% and the implications of its rising economic scale on global trade dynamics.
Dimensions to cover in your answer
- Resilience factor: Rapid recovery from pandemic-induced supply chain disruptions and 5.8% contraction.
- Scale transition: Shift from a $1 trillion economy in 2007 to a nearly $4 trillion economy.
- Comparative trajectory: Alignment with the 2003-2007 BRIC-era growth streak.
Keywords: GDP growth · economic resilience · forecast · BRIC · macroeconomic indicators
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.