The International Monetary Fund (IMF) has said that India is a major growth engine for the global economy. The IMF noted that India’s economic growth in the third quarter was stronger than expected. Addressing a press conference, Director of the IMF’s Communications Department, Julie Kozack said, India’s growth remains robust and is largely driven by strong domestic consumption. The IMF had earlier projected India’s growth at 6.6 percent for the 2025-26 fiscal year.
She added that the better-than-expected recent performance increases the chances of the IMF upgrading its growth forecast for India.
The revised projections will be released in the IMF’s World Economic Outlook update next week.
Overall, the IMF remains positive about India’s economy and highlighted its important role in supporting global economic growth amid global uncertainty.
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