India's Economic Growth: EAM Jaishankar Highlights 17% Contribution to Global Prosperity
'We help to de-risk the international economy': EAM Jaishankar highlights India's 17% contribution to global growth
The Economic TimesImage: The Economic Times
During a visit to Suriname, India's External Affairs Minister S. Jaishankar emphasized India's crucial role in global economic stability, noting that the country contributes 17% of global growth. This positions India ahead of major economies like the United States, which is expected to contribute 9.9%.
- 01India contributes 17% to global GDP growth, according to the IMF.
- 02The country is projected to remain the fastest-growing major economy.
- 03Jaishankar advocates for India's role in de-risking the international economy.
- 04India's economic growth is linked to increased international cooperation.
- 05The IMF has raised India's growth forecast for 2025 to 7.3%.
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External Affairs Minister S. Jaishankar, during his visit to Suriname, highlighted India's significant contribution to global economic stability, noting that the country accounts for 17% of global GDP growth, according to the International Monetary Fund (IMF). This positions India ahead of the United States, which is expected to contribute 9.9%. Jaishankar emphasized that as India grows, it helps to de-risk the international economy by creating more opportunities for global partners. The IMF has also adjusted its growth forecast for India, raising it to 7.3% for 2025, reflecting strong economic momentum. Jaishankar pointed out that India's expansion is not just beneficial for the nation but also serves as a catalyst for international cooperation, opening up options for other countries. He noted that India is actively negotiating free trade agreements to enhance market access and integration with the global market. Despite projected growth moderation, India remains a key driver among emerging economies, with the IMF forecasting 6.4% growth for 2026-2027. Jaishankar reiterated the importance of creating a global footprint to maximize India's impact on the international economy.
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India's robust economic growth could enhance global trade opportunities and create jobs, benefiting both local and international markets.
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