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IMF Report: India's GDP Growth Surges, Overtaking US with China in Global Economy
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India, China Drive Global GDP Growth, Overtake US: IMF Report
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News18
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24-02-2026, 09:08
India, China Drive Global GDP Growth, Overtake US: IMF Report
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India and China are now the largest contributors to global GDP growth, collectively accounting for 43.6% by 2026.
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China leads with 26.6% contribution, followed by India at 17%, surpassing the US which contributes 9.9%.
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The Asia-Pacific region is driving over half of the world's growth, shifting the global economic center from West to Asia.
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IMF projects global growth at 3.3% in 2026 and 3.2% in 2027, with decreasing global inflation expected.
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Elon Musk highlighted this shift on X, noting India's rapid growth and young population as key strengths.
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