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India remains fastest growing major economy amid global slowdown
The IMF said India continues to be the fastest growing major economy, supported by domestic demand and investment despite global economic headwinds.
India has retained its position as the world’s fastest growing major economy despite a challenging global environment, according to the International Monetary Fund. The IMF noted that strong domestic demand, sustained public investment, and resilient services activity continue to support growth. While global trade and manufacturing face pressure, India’s macroeconomic stability and reform momentum have helped cushion the impact of the broader slowdown.