India Called Key Growth Engine For Global Economy: IMF
An International Monetary Fund (IMF) spokesperson said India is a major growth engine for the global economy, contributing significantly to world output and expansion. The IMF cited India’s steady economic performance and robust domestic demand as factors supporting global growth prospects.
Strong Domestic Growth
India has maintained relatively high economic growth compared with many other major economies. The IMF has projected India’s GDP growth to remain among the fastest in the world, driven by consumption, investment and a young workforce.
Global Impact
The IMF noted that India’s growth helps offset slower expansion in some advanced economies and supports global demand for goods and services. India’s role in global value chains and increasing integration with international markets were also highlighted as important contributors to economic resilience.
Outlook And Challenges
While the IMF praised India’s economic contributions, it also emphasised the need for continued reforms to sustain growth, including investment in infrastructure, human capital and productive sectors. Policymakers were urged to manage inflation, fiscal balances and structural bottlenecks to maintain momentum.
