IMF Chief Hails India’s Growth, Says Journey Just Beginning With Key Reforms Needed For Future

National news: At a time when major world economies are slowing down, India’s growth is surprising everyone. IMF chief Kristalina Georgieva said India is acting as a pillar of strength for global progress. She emphasized that India’s rapid development is a source of hope for many countries. The IMF believes India’s contribution is vital for sustaining world economic stability.

World Watching India Closely

According to IMF, the global growth rate is stuck at nearly 3%, but India is helping lift the pace. Georgieva underlined that India’s strength is undeniable. She warned that to continue this growth, India must introduce deeper and faster reforms. Without reforms, sustaining momentum may become difficult.

Need To Expand Trade Further

IMF also highlighted India’s need to expand its trade globally. Tariffs and restrictions still hold back the country. Removing these barriers could attract bigger foreign investment. Such a step will open more opportunities and create stronger global partnerships. Trade freedom can make India a bigger global player.

Private Sector Must Grow

Georgieva gave India three clear pieces of advice. The first was to encourage the private sector. Opening more sectors to private investors can bring capital, modern technology, and new jobs. This partnership between government and private companies is key to boosting India’s development.

Trade Reforms Are Essential

The second advice from IMF focused on trade reforms. Georgieva said only a few countries like the US, China, and Canada are aggressively using tariffs, but India should avoid this approach. Instead, it should open its doors wider for business. Such a move would connect India more closely with the world economy.

Future Lies In Technology

The third advice was to invest in future growth sources. Artificial Intelligence and other new technologies can help India rise higher. Georgieva believes that if India focuses on technology, it will double its growth speed in the coming years. The future belongs to innovation-driven economies.

India’s Journey Has Just Begun

The IMF statement concluded that India’s progress so far is only the beginning. With the right reforms and focus on trade and technology, India can soon become the engine of global growth. This is good news not just for India but for the entire world.