According to the International Monetary Fund (IMF), India remains a key growth engine for the global economy, with its economic performance remaining strong and resilient. “India is a major growth engine for the world,” said IMF spokesperson Julie Kozak, who also heads the communications department at the IMF. “We had forecast India’s growth rate for fiscal 2025-2026 at 6.

6%, based on strong consumption growth. Since then, we have seen third-quarter growth in India be stronger than expected, and we will upgrade our forecast going forward,” he said. “We have our World Economic Outlook (January) update coming out in the next few days.

So, at that time we will have a revised growth number for India. But I think the main thing for us on India is that it has been a major driver of global growth, and growth in India has been quite strong,” the IMF spokesperson said. The IMF’s latest comments reflect continued confidence in India’s economic fundamentals, with strong domestic consumption serving as a key pillar of growth.

The upcoming update is now eagerly awaited, as it could further strengthen India’s position as one of the fastest growing major economies in the world. (With inputs from ANI).