In a recent statement, IMF Managing Director Kristalina Georgieva emphasized India’s emergence as a pivotal growth engine in the global economy. She noted that global economic growth is projected at approximately 3% over the medium term, a decline from 3.7% before the pandemic. This shift is attributed to China’s steady economic deceleration, contrasting with India’s rising economic prominence.
Georgieva’s remarks were made ahead of the upcoming World Bank and IMF meetings in Washington, where trade issues are expected to dominate discussions. Despite challenges, including the imposition of tariffs by major economies, global resilience has been bolstered by decisive economic policies and private sector adaptability. However, concerns persist, as indicated by the surging global demand for gold, signaling potential economic uncertainties.
India’s robust economic performance, with a projected GDP growth of 6.5% for FY26, underscores its role as a key driver in the evolving global economic landscape.
