December 19, 2023Business Desk

India contributing more than 16% of global growth: IMF

According to the IMF's annual Article IV consultation with India, which was announced on Monday, the South Asian country is on course to be one of the world's fastest-growing major economies.

Source: Pexels

Following the epidemic, India's economy has recovered strongly to become a major engine of global growth. Following a spike in FY2022/23.

Source: Pexels

If substantial reforms are implemented, India has the potential for stronger growth due to additional labour and human capital.

Source: Pexels