India rising as key growth engine while China decelerates: IMF MD
Kristalina Georgieva, Managing Director of the International Monetary Fund, highlighted India's emergence as a crucial growth engine amidst shifting global economic trends. "Notably with China decelerating steadily while India develops into a key growth engine," Georgieva said. "Global growth is forecast at roughly 3% over the medium term…down from 3.7% pre-pandemic," she stated further.