India seen as major support to global economy amid uncertainty
India is emerging as a key engine of global economic growth, the International Monetary Fund (IMF) said on Thursday, citing stronger-than-expected performance in the country’s third quarter and signalling a likely upward revision to its growth forecast.
Speaking at a press briefing, IMF Communications Director Julie Kozack said India continues to play a central role in supporting the global economy. “What we have seen in India is that India is a key growth engine for the world,” Kozack said, responding to a question on the Fund’s assessment of India’s growth trajectory in 2025.
She noted that the IMF’s most recent assessment, carried out under its Article IV Staff Report, had projected India’s economic growth at 6.6 per cent for the 2025–26 fiscal year, largely supported by strong domestic consumption. However, recent data has exceeded expectations. “What we have seen since then is that the third-quarter growth in India came out stronger than expected,” Kozack said, adding that this development increases the likelihood of an upward revision to the IMF’s forecast.
The IMF is scheduled to release an updated edition of its World Economic Outlook next week, which will include revised growth projections for India and other major economies. “We will have a revised growth number for India at that time,” Kozack said, emphasising that the Fund’s overall outlook for India remains positive.
Kozack underlined that India has continued to act as a major driver of global growth at a time when several regions are facing economic uncertainty. “The bottom line for us on India is that it has been a key driver of global growth, and growth has been quite robust,” she said.
The upcoming World Economic Outlook update is expected to provide a clearer picture of how recent economic data has reshaped the IMF’s projections for India, as well as the broader global economy.
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