India a key driver of global growth, says IMF spokesperson

India continues to remain a key growth engine for the global economy, with its economic performance staying strong and resilient, according to the International Monetary Fund (IMF).

IMF spokesperson Julie Kozack, who also heads the Communications Department at the IMF said “India is a key growth engine for the world.”

She said “We had estimated India’s growth for fiscal year 2025-2026 at 6.6%, which is based on strong consumption growth. 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.”

The IMF spokesperson 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.”

The IMF’s latest remarks reflect continued confidence in India’s economic fundamentals, with strong domestic consumption acting as a major pillar of growth. The upcoming update is now keenly awaited, as it may further strengthen India’s position as one of the fastest-growing major economies in the world. 

(With inputs from ANI)