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 (COM) at the IMF, highlighted India’s growing importance during a media briefing on Thursday.
India Major Driver Of Global Growth: IMF
She noted that the latest economic data from India has come in stronger than expected, reinforcing the country’s role as a major driver of global growth.
She stated, “So what we have seen in India is that India is a key growth engine for the world. India’s growth in 2025, when we did our Article IV staff report, we had estimated growth for fiscal year 25-26 at 6.6 per cent, which is based on the strong consumption growth”.
IMF To Revise Indian Growth Forecast Upwards
She further pointed out that since the release of the Article IV report, India’s third-quarter growth has turned out to be stronger than anticipated. This development has increased the likelihood that the IMF may revise its growth forecast for India upwards in the near term.
“What we have seen since then is that the third quarter growth in India came out stronger than expected, and that makes it likely that we will be upgrading our forecast going forward,” Kozack said.
She added that the IMF is set to release its January real update in the coming days, during which a revised growth number for India will be announced. “We have our January real update coming in the next few days, so we will have a revised growth number for India at that time,” she stated.
Highlighting the broader picture, Kozack said that the IMF’s overall assessment of India remains positive.
Robust Growth In India, Says IMF
According to her, the country has consistently played a key role in supporting global growth, even amid challenging international economic conditions.
“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,” she said.
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)
Zubair Amin is a Senior Journalist at NewsX with over seven years of experience in reporting and editorial work. He has written for leading national and international publications, including Foreign Policy Magazine, Al Jazeera, The Economic Times, The Indian Express, The Wire, Article 14, Mongabay, News9, among others. His primary focus is on international affairs, with a strong interest in US politics and policy. He also writes on West Asia, Indian polity, and constitutional issues. Zubair tweets at zubaiyr.amin
