India Emerges as Global Growth Driver as IMF Considers Forecast Hike

In Washington, the IMF expressed confidence in India’s economic trajectory, hinting at an upward adjustment to its 2025 growth forecast. Citing strong domestic consumption and robust Q3 data, officials highlighted India’s resilience amid global trade and policy uncertainties. ‘India remains a principal growth driver globally,’ stated Julie Kozack, signaling a positive outlook for the nation’s fiscal future. The shift is largely attributed to domestic demand and timely policy measures that have shielded the economy from international shocks, positioning India as a primary contributor to worldwide expansion.