India expected to contribute over 16 percent to global growth: IMF

India has positioned itself as a star performer in global economic growth, with projections indicating a contribution of over 16 percent to the worldwide growth, according to the International Monetary Fund (IMF).

- 

The remarkable growth is attributed to economic reforms, especially in sectors like digitization and infrastructure, making India one of the fastest-growing major economies globally.

Nada Choueiri, representing the Mission of India at the IMF, highlighted India’s robust growth, stating that it is a standout performer among peer countries and a key driver of global growth, accounting for more than 16 percent in the current projections. The IMF’s annual Article

IV consultation with India underscored the country’s potential to be one of the fastest-growing major economies globally in the current year. Despite facing global headwinds, including a slowdown in global growth and an increasingly fragmented world, India’s economic growth remains resilient.

The government’s substantial push for infrastructure investment and logistics development has been pivotal in providing a solid foundation for India’s growth. With a large, young, and growing population, India has the potential for even stronger growth rates, provided it harnesses this potential through effective structural reforms.