Kristalina Georgieva has commended the South Asian nation for its \u201cbold economic and structural reforms\u201d<\/p>\n
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called India a \u201ckey growth engine\u201d in the world economy.
\nShe made the comments on Monday at the global financial body\u2019s semi-annual gathering of finance ministers and central bank governors, according to reports.
\n\u201cGlobal growth patterns have been changing over the years, notably with China decelerating steadily while India develops into a key growth engine,\u201d she said. The IMF predicts that India\u2019s GDP will rise 6.5% in 2025 and 2026.
\nThe IMF chief also commended India for its \u201cbold economic and structural reforms\u201d, including the overhaul of direct and indirect tax laws, the widespread adoption of a digital payments system, and the development and implementation of a digital social identity framework.<\/p>\n
\ud83c\uddee\ud83c\uddf3\ud83d\udcc8India Turning into \u201cKey Global Growth Engine\u201d \u2013 IMF Chief”Global growth is forecast at roughly 3% over the medium term – down from 3.7% pre-pandemic,\u201d Kristalina Georgieva said ahead of the annual meetings of the IMF and World Bank in Washington DC.\u201cGlobal growth patterns\u2026 https:\/\/t.co\/ffUbsiWfnj pic.twitter.com\/qpyVd8YXdS\u2014 RT_India (@RT_India_news) October 14, 2025 <\/p>\n
Last month, India cut consumption taxes on most household items in an effort to cushion the economy from the 50% US tariffs imposed by the White House and spur consumption ahead of the South Asian nation\u2019s annual festive season.\u00a0
\nOn Monday, Georgieva said developing economies were burdened with persistent debt and would face challenges on account of Trump\u2019s tariffs. \u201cThe full effect is still to unfold,\u201d she added.<\/p>\n
READ MORE: Here\u2019s how an ancient Indian craft is suffering under Trump\u2019s tariffs<\/p>\n
The 50% tariffs imposed by the Trump administration threaten to shave 0.8% off the South Asian nation\u2019s GDP growth rate, according to estimates.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kristalina Georgieva has commended the South Asian nation for its \u201cbold economic and structural reforms\u201d International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called India a \u201ckey growth engine\u201d…<\/p>\n","protected":false},"author":1,"featured_media":20353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-20352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t