IMF Identifies India as Key Global Growth Engine, Projects Stronger Economic Outlook

The International Monetary Fund (IMF) has identified India as a key growth engine for the global economy, noting that the country's third-quarter growth exceeded expectations. The IMF's Article IV Staff Report projects India's growth at 6.6% for the 2025-26 fiscal year, driven by strong domestic consumption. Following this, the IMF is likely to revise its growth forecast upward in its upcoming World Economic Outlook update. The Bharatiya Janata Party (BJP) responded by criticizing opposition leader Rahul Gandhi for his claims that the Indian economy is struggling, citing the IMF's positive assessment as contradictory to his statements.