India Emerges as Key Growth Engine While China Decelerates Steadily: IMF | Spotlight | N18G

India Emerges as Key Growth Engine While China Decelerates Steadily: IMF | Spotlight | N18G

India is emerging as a key driver of global economic growth, outpacing China, according to Kristalina Georgieva, the International Monetary Fund (IMF) chief. Amid slowing worldwide growth, India’s robust performance stands out, supported by strong domestic consumption, resilient policy frameworks, and institutional reforms. The IMF highlighted that emerging markets, particularly India, have strengthened economic fundamentals, helping cushion global uncertainty. Forecasts from major agencies now place India’s growth for the current fiscal year between 6.5% and 6.9%, with the World Bank raising its estimate to 6.5%. Analysts see India’s rise as a stabilising force in an otherwise sluggish global economy.

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