India has emerged as a key growth engine, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Wednesday. She also noted the high US tariffs applied to India.

“Global growth patterns have been changing over the years, notably with China decelerating steadily while India develops into a key growth engine,” Georgieva said in her curtain-raiser speech for the Annual Meetings. This remark comes at a time when almost all agencies have revised India’s growth estimates to a range of 6.5−6.9 per cent for the current fiscal year, although some have lowered the growth projection to between 6.3−6.5 per cent for the next fiscal year.

The Annual Meetings of the World Bank Group (WBG) and the IMF will take place from Monday, October 13 to Saturday, October 18, 2025

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