The National Council of Applied Economic Research (NCAER) has suggested that India's economy could grow faster than 7% in the current financial year. Factors such as the projected acceleration in global growth and trade volumes, as well as an expected above-normal monsoon, are seen as positive indicators for India's economic growth. The International Monetary Fund (IMF) has also raised India's growth forecast for 2024-25 to 6.8%, up from the earlier projection of 6.5%. Government data shows that the economy grew by 7.6% in FY24.
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