IMF expects India to rev up global growth as China falters, backs Modi government's economic policies

According to the IMF and UNCTAD, India is poised as a key driver of global economic growth, outpacing China with a projected GDP growth of 6.8% in 2024-25. The country's robust expansion is fueled by significant government investments in infrastructure and strong domestic demand.


 Multilateral institutions such as the IMF and UNCTAD view India as a potential driver of global economic growth going ahead, as the country has become the fastest-growing emerging economy while China’s GDP growth has been pegged at 4.6 per cent in 2024 and expected to slow down further to 4.1 per cent in 2025.

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright spot "supporting global growth over the medium term and spill over to other countries".