IMF on India’s GDP: At a time when the world’s economic growth is slowing down, India’s GDP is growing strongly. This has been approved by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). He said that at a time when many big economies of the world are facing challenges, India is playing an important role in global economic development.
During the annual meeting of IMF and World Bank held in Washington, Georgieva said that India’s strong economic policies and reformative steps have made it one of the fastest growing economies of the world.
The world recognized India’s iron power
Georgieva said that before the Corona epidemic, the global economy was expected to grow at the rate of 3.7 percent, but now it is limited to about 3 percent. He said that the last few years have seen a huge change in the global economic pace – while China’s economy slowed down, India’s has accelerated its pace. He further said that India has proved the doubters wrong on the basis of strong reforms and consistent policy efforts.
What does the latest estimate of IMF say?
According to the latest IMF estimates, India will remain the world’s fastest growing economy in the coming years. The organization says that India’s GDP can grow at the rate of 6.4 percent in the financial years 2025 and 2026.
IMF has increased India’s growth rate forecast. Earlier in the report released in April 2025, India’s growth rate was said to be 6.2 percent in 2025 and 6.3 percent in 2026 respectively. In comparison, China’s economy is projected to grow by 4.8 percent in 2025 and 4.2 percent in 2026.
Also read: Why is India increasing its gold reserves so aggressively, China also increased imports tremendously?
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