Saudi Arabia completes its $3 billion support to Pakistan, offering short-term relief as debt repayments, IMF conditions, and global pressures continue to test the country’s fragile economy.
India’s position in the global GDP rankings has slipped from fifth to sixth, according to the latest IMF estimates.
International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday said India's growth rate is more than two times higher than the average global growth.
IMF sees India as a key growth driver even as global expansion weakens, with strong policy frameworks and domestic demand helping cushion external shocks and energy price pressures.
Pakistan has drawn up a tight repayment schedule to return $3.5 billion to the UAE this month, even as rising outflows and weaker exports add pressure on its economy.
Under the Extended Funding Facility (EFF) $7 billion bailout programme for Pakistan, it was agreed that a progress review would be done every six months.
A recent IMF report offers key insights for India amid an increasingly debt-laden global economy.
The recent IMF report presents a mixed picture of the global economy: the immediate threat of recession has receded, and inflation is gradually stabilising, yet a new alarm has been sounded on the surging levels of global debt.
The level of uncertainty surrounding the global economic outlook is high, the report noted on Tuesday
For India, the October outlook projects a headline inflation figure of 4.4% for FY25 and 4.1% for FY26.
