‘Key growth engine for the world’: IMF hails India’s 7.8% growth, backs GDP estimate changes

IMF hails India’s 7.8% growth, calls economy a key global growth engineIMF backs changes to GDP estimatesGDP figures face questionsIndia’s economy has stayed on the growth track despite the energy price shock, with real GDP rising 7.8% in the April-June quarter. The IMF hailed the stronger-than-expected performance, saying that the growth was boosted by better-than-expected activity in services and exports.At a press briefing, IMF spokesperson Julie Kozack said, “India's real GDP in the second quarter grew by 7.8 per cent. It also means that India does remain a key growth engine for the world,” she added.The 7.8% growth in real GDP for Q1 FY27, covering April-June, was higher than the Reserve Bank of India’s earlier estimate of 7%. According to her, both should help improve India’s GDP estimates.“I can say that the latest GDP release, the one that we just talked about for Q2, it incorporated both a new index of industrial production. It welcomed the changes to the GDP estimation system, noting that the new industrial production index and producer price index series would help improve GDP estimates.

Source: Times of India September 11, 2026 03:42 UTC