India is maintaining its status as the fastest growing economy in the world and everyone has acknowledged it. Now the International Monetary Fund has also criticized the country. IMF Chief Kristalina Georgieva has said something big about India before the IMF-World Bank annual meeting to be held in Washington next week. He said that the patterns of global development are changing in the last few years and India is now developing as the growth engine of the world.
‘Those doubting India proved wrong’
Describing India as the growth engine of the world, IMF chief Kristalina Georgieva further said that the country has proved itself. It is proving the doubters wrong about India with its bold economic policies. The special thing is that he has given this praise at a time when global growth projections are going below the pre-pandemic level.
According to Georgieva, the global growth rate is expected to be around 3 percent in the medium term, which is less than the pre-Corona pandemic 3.7 percent. The growth rate of a country like China is continuously declining, but India is doing wonders and is becoming a growth engine.
IMF Chief said- ‘I am excited about India’
Kristalina Georgieva, while praising the Indian economy, has termed the structural reforms implemented in the country, especially the implementation of nationwide digital identity, as a bold success. He said that I am very excited because of India’s bold efforts. Everyone had said for India that digital identity cards cannot be implemented on a large scale here, but the country has proved everyone wrong.
Trump said big thing about tariffs
During this period, the IMF Chief also said a big thing about American tariffs. He said that the global economy has withstood the recent shocks to a great extent. These include policy changes as well as increased tension due to tariffs. Despite this, the global economy is still facing many unprecedented pressures. Regarding US Tariff, he alerted that its full impact is still uncertain and its complete picture is yet to be revealed.
World Bank also praised the pace of GDP
Not only IMF, but the World Bank also remains positive about India’s growing economic situation. India’s financial resources for FY26 were recently released by the World Bank. gdp The growth rate estimate was increased to 6.5 percent from the earlier 6.3 percent. Meanwhile, let us tell you that in the April-June quarter, India’s GDP growth had reached 7.8 percent, the highest in the last five quarters.
—- End —-
