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IMF Calls India a Key Global Growth Engine, Signals Forecast Upgrade Next Week

Stronger-than-expected third-quarter growth prompted the Fund to reassess India’s outlook.

Overview

  • IMF communications director Julie Kozack said India’s recent data show it is a key driver of global growth.
  • The Fund’s latest Article IV assessment had projected India’s 2025–26 growth at 6.6 percent, anchored in domestic consumption.
  • Kozack indicated the IMF is likely to raise that forecast, with exact figures to be published in next week’s World Economic Outlook update.
  • The IMF cited India’s third-quarter performance as stronger than expected, supporting a more optimistic view.
  • BJP leaders used the IMF remarks to challenge Rahul Gandhi’s past claim that the economy is “dead,” highlighting posts by Amit Malviya and Shehzad Poonawalla.