New Delhi: India remains one of the key drivers of global economic growth, with its performance holding up well despite many economies facing uncertainty,
the International Monetary Fund (IMF) has stated.
IMF indicates upward revision after strong Q3
Julie Kozack, the IMF’s spokesperson and the Director of its Communications Department, described India as “a key growth engine for the world”.
Kozack said the IMF had earlier projected India’s growth at over 6% for the financial year 2025-26. This projection was primarily supported by strong household spending. “We had estimated India’s growth for fiscal year 2025-2026 at 6.6%, which is based on strong consumption growth.”
She noted that the latest numbers have surprised on the upside. “What we have seen since then is that the third-quarter growth in India came out stronger than expected, and we will be upgrading our forecast going forward,” she said.
World Economic Outlook update due shortly
The revised growth estimate will be reflected in the IMF’s World Economic Outlook update, expected within the next few days, Kozack said. “We have our World Economic Outlook (January) update coming in the next few days. So, we will have a revised growth number for India at that time. But I think the bottom line for us on India is that it has been a key driver of global growth, and growth has been quite robust in India.”
She underlined that India has remained a crucial contributor to global expansion and that growth has stayed robust.
Consumption remains a key support
The IMF’s remarks suggest continued confidence in India’s underlying economic strength, with domestic consumption continuing to do much of the heavy lifting. The upcoming update is now being closely watched for a higher projection, reinforcing India’s position among the world’s fastest-growing major economies.
