IMF:India expected to contribute over 16% to global growth

India has emerged as a star performer and is projected to contribute more than 16 percent of the global growth. This was stated by the International Monetary Fund (IMF) while saying that the nation has been growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure.The IMF released its annual Article IV consultation with India, according to which India is on track to be one of the fastest-growing major economies in the world this year, underpinned by prudent macroeconomic policies. Nada Choueiri, the Mission of India at IMF in an interview has said that the South Asian country is one of the fastest growing large emerging markets and it is contributing more than 16 percent of global growth this year in the current projections.
“What we have been observing for quite some time now is that India has been growing at a very robust rate. It's one of the star performers when it comes to real growth when you look at peer countries. It’s one of the fastest growing large emerging markets and it's contributing, in our current projections, more than 16 per cent of global growth this year,” Nada Choueiri, the Mission of India at IMF, told  to an agency in an interview.
Prime Minister Narendra Modi has said that India's rapid economic growth is not only helping its citizens but is also helping the global economy. He said this while sharing a media report on IMF terming India a star performer and saying that India is projected to contribute over 16 percent to global growth.