NEW DELHI, Apr 16: International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday said India’s growth rate is more than twice the average global growth.
“Look at India today. India’s growth rate is more than twice the average global growth. That is happening because the country has strong fundamentals,” said IMF chief Kristalina Georgieva.
Georgieva attributed India’s resilience to factors such as macroeconomic stability and robust domestic demand, which continue to support momentum.
IMF chief said there are no signs of a sharp slowdown in India’s growth path, even as the global economy faces headwinds from geopolitical tensions and supply disruptions linked to the West Asia conflict.
The IMF had projected that the Indian economy is expected to grow at 6.5 percent in 2027 despite escalating tensions in West Asia.
The 6.5 percent growth projection makes India the fastest-growing major economy in 2026.
She further cautioned that policymakers should remain attentive to developments in the financial sector, and pointed out that parts of the financial system appear to be holding substantial liquidity and relative strength, suggesting the need for close monitoring to ensure stability as conditions evolve.
For the global economy, the IMF had lowered its forecast due to the West Asia tensions. It expects the global economy to grow by 3.1 percent this year, a slowdown from its earlier forecast of 3.3 percent.
The IMF slashed its 2026 forecast for the Middle East and Central Asia by 2 percentage points to 1.9 percent.
The IMF has also warned that countries should skip fuel subsidies to help their citizens deal with a shortage of oil and the corresponding surge in energy prices, and instead opt for targeted, temporary cash transfers that do not obscure higher prices while keeping demand high.
(UNI)
Follow our WhatsApp channel
