Blitz Bureau
NEW DELHI: India is set to hold its position as a global economic growth leader, even as other major economies face slower growth and heightened uncertainty, the Finance Ministry said on Wednesday.
Backed by solid fundamentals and targeted government reforms, India is seen as well-prepared to tackle global challenges. “With ongoing reforms in infrastructure, innovation, and financial inclusion, India continues to strengthen its position as a major engine of global economic growth,” the ministry stated.
The International Monetary Fund (IMF) has projected India to remain the fastest-growing major economy through 2026. According to the April 2025 edition of the IMF’s World Economic Outlook, India’s GDP is expected to grow by 6.2% in 2025 and 6.3% in 2026. While the 2025 forecast is a slight downgrade from the January estimate, mainly due to rising trade tensions and global uncertainty, India’s growth remains well above the global average.
“Despite this mild dip, the outlook remains robust. It underscores the strength of India’s macroeconomic foundation and its ability to keep up momentum amid a challenging global backdrop,” the ministry said.
The IMF’s latest report highlights that the global economy is entering a phase of cautious recovery after years of disruptions. However, global growth remains sluggish, and forecasts have been downgraded due to higher tariffs, policy unpredictability, and faltering international cooperation.
In contrast, India’s outlook appears steadier. The IMF attributes the country’s continued expansion to strong private consumption, especially in rural areas.
“In a world facing economic headwinds, India’s stability and resilience stand out,” the ministry said, adding that the country’s consistent performance further cements its role in shaping the global economic landscape.