{"id":85571,"date":"2025-10-17T02:02:08","date_gmt":"2025-10-17T02:02:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/85571\/"},"modified":"2025-10-17T02:02:08","modified_gmt":"2025-10-17T02:02:08","slug":"indias-economic-fundamentals-are-pretty-strong-with-good-growth-says-imf","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/85571\/","title":{"rendered":"India’s Economic Fundamentals Are ‘Pretty Strong’ With ‘Good Growth,’ Says IMF"},"content":{"rendered":"

(MENAFN<\/a>– IANS) Washington, Oct 16 (IANS) The International Monetary Fund (IMF) on Thursday said that India’s economic fundamentals remain\u201cpretty strong\u201d with lower inflation and\u201cwell-managed\u201d fiscal deficit.<\/p>\n

\u201cIndia continues to be the fastest-growing major, major economy. We have India going at 6.6% this year. If you look at India’s fundamentals…pretty strong. Growth is good…Inflation is coming down. Fiscal deficit…well-managed. So, there are many things which are working in India’s favour, said Krishna Srinivasan, the Director of the IMF’s Asia and Pacific Department.<\/p>\n

He added that despite 50 per cent US tariffs, India’s growth rate is expected to remain steady due to the recent GST reforms, which\u201cwill provide a filip to consumption. They’ll improve domestic demand.\u201d<\/p>\n

However, Srinivasan emphasised that a trade deal with Washington would help New Delhi’s future growth prospects.<\/p>\n

\u201cIf India reaches a trade agreement with the US, when tariffs are lower, there’s an upside potential to growth next year,\u201d he noted.<\/p>\n

On the issue of the purchase of Russian oil, Srinivasan said that\u201cdiversification of export markets is always good so that you insulate yourself from the shocks.\u201d<\/p>\n

The IMF Managing Director, Kristalina Georgieva, also said on Thursday that India has pursued\u201cvery significant reforms\u201d in its economy and the country\u201csubstantially\u201d contributes to global growth.<\/p>\n

\u201cIndia is one of the fastest-growing economies, and given its size, it contributes to global growth substantially. India is where it is because it has pursued very significant reforms, tax reform, investing in infrastructure, digital infrastructure, but also road connectivity in the country, and that has injected this growth potential,\u201d she added.<\/p>\n

The IMF on Tuesday raised India’s growth projection to 6.6 per cent, an upward trend of 0.2 percentage points, in its latest Global Economic Outlook report.<\/p>\n

According to the report, India’s strong growth in the first quarter of 2025 is\u201coffsetting\u201d the US tariff increase on its imports to the country.<\/p>\n

\u201cIn India, growth is projected to be 6.6 per cent in 2025…Compared with the July WEO update, this is an upward revision for 2025, with carryover from a strong first quarter more than offsetting the increase in the US effective tariff rate on imports from India since July,\u201d the report said.<\/p>\n

<\/p>\n

MENAFN16102025000231011071ID1110206949<\/p>\n

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