{"id":19170,"date":"2025-10-19T17:03:03","date_gmt":"2025-10-19T17:03:03","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/10\/19\/india-must-fire-on-all-cylinders-to-sustain-growth-momentum-boost-trade-imf-economy-news\/"},"modified":"2025-10-19T17:03:03","modified_gmt":"2025-10-19T17:03:03","slug":"india-must-fire-on-all-cylinders-to-sustain-growth-momentum-boost-trade-imf-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/19\/india-must-fire-on-all-cylinders-to-sustain-growth-momentum-boost-trade-imf-economy-news\/","title":{"rendered":"India Must \u2018Fire On All Cylinders\u2019 To Sustain Growth Momentum, Boost Trade: IMF | Economy News"},"content":{"rendered":"


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Last Updated:<\/span>

India must fire on all cylinders\u2014focusing on domestic demand, reforms, investment, innovation, and trade integration\u2014to sustain high growth<\/h2>\n
\"IMF\"<\/p>\n

IMF<\/p>\n<\/figure>\n

India must fire on all cylinders\u2014focusing on domestic demand, reforms, investment, innovation, and trade integration\u2014to sustain high growth and meet its long-term development goals, Krishna Srinivasan, Director of the Asia and Pacific Department (APD) at the International Monetary Fund (IMF), said on Thursday.<\/p>\n

Responding to a question on India\u2019s approach to tariffs and self-reliance, Srinivasan told the news outlet, \u201cIf India has to grow at the rate at which you\u2019re talking about in terms of being fixed by 2047, India has to fire all cylinders. Strengthen domestic demands, build internal integration within India\u2026 But also, there is an opportunity here for India to integrate itself in global supply chains.”<\/p>\n

He noted that India\u2019s recent reforms, including the Goods and Services Tax (GST), are helping boost domestic consumption. \u201cThe GST reforms go in that direction, which will provide lift to consumption and improve domestic demand,” he said.<\/p>\n

Srinivasan emphasised that India needed to strike a balance between domestic growth and global trade opportunities. He noted that several steps were required to achieve this, including greater trade liberalisation and more flexible labour laws to help industries scale up and compete globally, particularly with China. He further pointed out that improving the business environment was essential, as numerous regulations continued to hinder the private sector\u2019s ability to realise its full potential.<\/p>\n

On India\u2019s economic performance, Srinivasan said growth remains strong despite global headwinds. \u201cIndia continues to be the fastest-growing major economy. We have India growing at 6.6% this year, slowing to 6.2% next year, and that slowdown is because of the higher tiers of tariffs. If you look at India\u2019s fundamentals, they\u2019re pretty strong. Growth is good, inflation\u2019s coming down, and the fiscal deficit is well managed,” he said.<\/p>\n

He further noted that India should not view domestic self-reliance and global trade engagement as mutually exclusive. \u201cIn my view, it\u2019s not one or the other. It needs all cylinders if you want to get to 8% or more growth and meet your objective of Viksit Bharat,” Srinivasan said.<\/p>\n

On the broader Asia-Pacific outlook, the IMF official said economic activity in the region is holding up better than expected. \u201cWe project the region to grow by 4.5% in 2025 and moderate to 4.1% in 2026. The region is once again set to contribute the lion\u2019s share of global growth\u2014about 60% both this year and in 2026,” he said.<\/p>\n

Strong exports, a technology boom, and supportive macroeconomic policies are helping the region remain resilient. Srinivasan added that deeper regional and global integration could unlock substantial long-term benefits. \u201cConcerted efforts to pursue reforms to boost trade and investment will help fuel durable growth for years to come\u2026 Countries can cut non-tariff barriers, broaden and modernize trade agreements to cover services and digital trade, and ease FDI restrictions,” he said, underscoring the IMF\u2019s view that structural reforms are key to sustaining inclusive growth.<\/p>\n

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\"Aparna<\/figure>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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First Published:<\/span><\/p>\n
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October 17, 2025, 09:53 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> economy<\/a> India Must \u2018Fire On All Cylinders\u2019 To Sustain Growth Momentum, Boost Trade: IMF<\/span><\/div>\n
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Last Updated:October 17, 2025, 09:53 IST India must fire on all cylinders\u2014focusing on domestic demand, reforms, investment, innovation, and trade integration\u2014to sustain high growth IMF India must fire on all cylinders\u2014focusing on domestic demand, reforms, investment, innovation, and trade integration\u2014to sustain high growth and meet its long-term development goals, Krishna Srinivasan, Director of the Asia…<\/p>\n","protected":false},"author":1,"featured_media":19171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-19170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/19170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=19170"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/19170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/19171"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=19170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=19170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=19170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}