By Admin 
Indian Economy Growth: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), described India as the main growth engine of the global economy. His statement has come at a time when all the countries of the world are facing the tariffs imposed by US President Donald Trump on April 2. Before the annual meeting of the IMF and the World Bank to be held in Washington next week, Georgieva said, the patterns of global growth have been changing for the last few years. During this period, China’s growth rate has declined, while India is emerging as a major growth engine.
Better performance of global economy
Speaking at the Milken Institute, Georgieva said the global economy is performing better than feared, but worse than we need. Due to better than expected performance of other emerging economies like America and India, the growth rate will not slow down much this year and next year. Citing the better monetary policy made by many countries, the flexibility of private sector companies and the limited impact of tariffs, Georgieva said, all these things are pointing towards a global economy, which has generally withstood the severe pressures of many shocks.
The global economy has proven resilient, performing better than many feared but still falling short. We must do more. Let’s work together to renew opportunities, repair public finances, & reduce global imbalances. The next generation is counting on us.
https://t.co/7vC8PYXG4j pic.twitter.com/QEnv2xVhR0— Kristalina Georgieva (@KGeorgieva) October 8, 2025
Economy stabilizes amid tariff pressure
Everything points to a global economy that has generally withstood severe pressures from multiple shocks. Till now all the countries of the world have been saved from doing tit-for-tat in the trade war. The IMF Chief’s statement has come at a time when America has decided to impose 50 percent tariff on the import of Indian goods. This has created a situation of global uncertainty.
Out of the 50 percent tariff, 25 percent is the penalty imposed on the purchase of oil from Russia. Georgieva says that although the consequences of the tariff have not been as serious as thought, its full impact is yet to be revealed. This year the global economy growth rate is expected to be 3 percent.
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