18 October 2025
By Publisher Ray Carmen
In a powerful endorsement of India’s economic trajectory, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has hailed the nation as a “key engine of global growth,” praising its resilience, reforms, and digital innovation amid a turbulent world economy.
Speaking at a recent IMF forum, Georgieva lauded India’s bold structural reforms—from the Goods and Services Tax (GST) to digital payment expansion—as pivotal in transforming the country into one of the fastest-growing major economies.
“India has proven everyone wrong,” she remarked. “Through decisive action, strong leadership, and a digital revolution that brings inclusivity, India is showing the world how reform and growth can go hand in hand.”
A Bright Spot in a Fragmented Global Economy
While much of the world grapples with slowing growth, rising protectionism, and inflationary pressures, India continues to shine as a “bright spot”. The IMF projects India’s GDP to grow at over 6.5%, driven by robust investment, manufacturing expansion, and a thriving technology sector.
Georgieva emphasized that India’s economic rise carries significance beyond its borders. “As global growth becomes increasingly fragmented, India’s performance provides stability, confidence, and momentum for developing economies,” she said.
The Power of Digital India
India’s push toward digital transformation has captured the IMF’s attention as a model for inclusive growth. Georgieva noted how digital public infrastructure,such as Aadhaar, UPI, and digital governance—has revolutionized the way financial systems work, empowering millions and promoting transparency.
“The digital backbone India has built is remarkable,” Georgieva said. “It ensures access, efficiency, and accountability,and it is something other nations can learn from.”
A Call for Open Trade and Continued Reform
However, the IMF chief cautioned against rising global trade barriers, urging India to remain open and outward-looking.
“To sustain its growth, India must stay engaged with global markets,” she warned. “Protectionism benefits no one,it only fragments opportunities.”
Georgieva’s comments underscore the IMF’s broader message: that India’s leadership in economic transformation can serve as an inspiration to emerging markets worldwide,especially those in the Caribbean and Global South seeking to balance reform, digitalization, and inclusive development.
As the world navigates uncertainty, India’s success story stands as proof that vision, reform, and innovation can rewrite the rules of growth.
