Positive news about India’s high growth rate for the world: IMF Managing Director

The high growth rate for India, as projected in the latest global economic forecasts, is not only healthy for the country, but also positive news for the world, said International Monetary Fund Director Kristalina Georgieva.

Earlier this week, the International Monetary Fund forecast India’s fairly strong growth of 8.2 per cent in 2022, making it the fastest growing large economy in the world, almost twice as fast as China’s 4.4 per cent.

Global growth was projected at 3.6 percent in 2022, down from 6.1 percent in 2021.

“India is one of the economies that is growing at a high rate. Even with a small reduction, growth is projected at 8.2% this year. Healthy for India, but also positive in a world where slowing growth is a big problem,” Georgieva told reporters. press conference on the sidelines of the annual spring meeting of the International Monetary Fund and the World Bank on Wednesday.

On Monday, she met with visiting Indian Finance Minister Nirmala Sitharaman.

She said India already has a very important international role to play.

By exporting vaccines during the pandemic, it has brought global public good, she said in response to a question.

India is also committed to leading in the field of renewable energy with the International Solar Alliance, another area where the world needs more determination and progress, she said.

And this is a country that is at the forefront of digital currencies, especially the central bank’s digital currencies, and how it is tackling the risk reduction due to crypto funds for Indian people and businesses, Georgieva said.

Noting that India will chair the G20 next year, Georgieva said she was very much looking forward to working with the country on a number of key global cooperation issues, including the 16th General Quota Review, which is due to be completed by the end of next year. summer.

(Only the title and image of this report may have been redesigned by Business Standard staff; the rest of the content is automatically generated from a syndicated source.)

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