Former IMF Economist Predicts India's Growth at 7%, Ending Speculation

• Former IMF Chief Economist Gita Gopinath projects India's current fiscal year growth at approximately 7%.
• This estimate is higher than IMF's earlier 6.6% forecast, influenced by NSO's 8.2% Q2 growth.
• RBI also raised its GDP growth forecast to 7.3%, while Moody's predicts around 7% for India.
• Gopinath emphasized continuous reforms for India to achieve 8% growth for 20 years, crucial for 2047 targets.
• She noted progress in India-US trade talks, anticipating a free trade deal soon due to mutual flexibility.

Why It Matters: Leading economists and agencies now converge on India's 7% growth, solidifying its global economic leadership.