January 16, Posted at 1:56 PM IST
The International Monetary Fund (IMF) has described India as a major growth engine for the global economy, underlining the country’s strong economic performance at a time of continued global uncertainty.
Speaking at a press conference, IMF Director of Communications Julie Kozack said India’s economic growth during the third quarter was stronger than expected. She highlighted that the country continues to demonstrate solid growth momentum, supported primarily by resilient domestic consumption.
According to Kozack, India’s internal demand has played a critical role in sustaining economic activity despite global headwinds such as inflationary pressures, geopolitical tensions, and slowing growth in several advanced economies. This domestic strength has helped India outperform earlier projections.
The IMF had previously forecast that India’s economy would grow by 6.6 percent during the 2025–26 financial year. However, recent data suggests that actual performance may exceed these expectations. Kozack noted that the better-than-anticipated growth increases the likelihood of an upward revision to the forecast.
She further announced that updated growth projections for India and other economies will be released next week as part of the IMF’s World Economic Outlook update. These revisions are expected to provide a clearer picture of global and regional economic trends.
India’s economic resilience has drawn international attention, particularly as many economies continue to face uncertainty due to external shocks and tightening financial conditions. The IMF’s positive assessment reinforces India’s position as one of the fastest-growing major economies in the world.
Overall, the IMF remains optimistic about India’s economic outlook and emphasized the country’s crucial role in supporting global growth during a challenging period for the world economy.
Arshad Mohiuddin is a Digital Media Journalist with over a decade of experience in covering entertainment, sports, and youth affairs. He previously worked with Siasat.com and is currently a contributing writer for Raftaar e Deccan, where he focuses on stories that connect with young audiences and reflect contemporary trends.
